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Showing 71 - 80 of 106 results for "Shadow Minister for Financial Services"

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
... incentives for voluntary savings would undo decades of work to encourage self-funded retirement. Shadow Minister for Financial Services and Superannuation, Senator Mathias Cormann called the proposed changes a "tax grab," saying the move was indicative ...

Politicians spar over future of superannuation guarantee

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
... Government's plans to lift the universal superannuation guarantee from 9% to 12%?" he asked. But Shadow Minister for Financial Services Senator Mathias Cormann said the Coalition's position had not changed. "The Coalition remains opposed to Labor's push ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
... million. ASIC has a total headcount of 1850 people. In a response to a question on notice from Shadow Minister for Financial Services Senator Mathias Cormann, Medcraft confirmed that 43 of those staff took voluntary redundancies while 16 were forced. ...

Labor moves to justify super existence

MATT WOODINGTON  |  THURSDAY, 23 JUN 2011
... current 9 percent limit would impact ' most heavily on low and middle income earners'," said Shadow Minister for Financial Services and Superannuation, Mathias Cormann. "Mr Shorten has again failed to explain why Dr Ken Henry, now the Prime Minister's ...

Planners risk trouble opposing FOFA

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
... product providers are banned from employing financial planners, if the reforms fail to pass. Shadow Minister for Financial Services Senator Mathias Cormann said yesterday he would repeal two elements of FOFA widely unpopular among planners if elected ...

Advisers aim for independents over FOFA

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
... Financial Advice (FOFA) reforms were given a crash course in political lobbying today by Shadow Minister for Financial Services Senator Mathias Cormann, who told them to target the independents. Speaking at a packed Sydney breakfast organised by the ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... the reforms were designed to protect consumers and to restore trust in the system. But Shadow Minister for Financial Services Mathias Cormann attacked the concession, saying the opt-in reform would still penalise advisory firms despite the extended time ...

WA senator appointed super shadow minister

RUTH LIEW  |  WEDNESDAY, 15 SEP 2010
WA senator Mathias Cormann has been appointed shadow minister for financial services and superannuation, while his predecessor Luke Hartsuyker becomes shadow minister for regional communications. Senator Cormann has also been appointed shadow assistant ...

Coalition details stance on commissions

MICHAEL HOBBS  |  THURSDAY, 29 JUL 2010
Luke Hartsuyker, shadow minister for financial services and superannuation, said the Coalition won't dictate how a financial planning client has to pay for advice but said it would not support all types of commission payments. "I believe that trailing ...

FPA maintains stance on commission ban

MICHAEL HOBBS  |  THURSDAY, 22 JUL 2010
... Coalition is not supporting the banning of commissions on investments. Luke Hartsuyker, shadow minister for financial services, superannuation, corporate law and consumer affairs, previously said moving to a fee for service structure wouldn't resolve ...