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Showing 71 - 80 of 363 results for %22Senate Committee%22

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... initiatives are in promoting a "positive environment" for fintech and regtech start-ups. The Committee will report back to the Senate in October 2020. This development is the latest in a trend that sees the government looking towards technology as a ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... its 2015 audit of the ATO, "the SG Scheme operates largely without the intervention of the ATO". ISA recommended that the Senate Economics References Committee support Schedule 7 of the bill, so long as "all enhanced employer payroll and Superstream ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
The Senate Economics Legislation Committee has recommended MPs waive the Government's member interests superannuation reforms through Parliament, almost untouched. Releasing the report into its inquiry of the Putting Members Interests First Bill (PMIF) ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... employed in superannuation and financial services, Women in Super (WIS), has condemned the bill in a submission to the Senate Economics Legislation Committee's inquiry into the Government's proposal. Steadfastly refusing to support the Putting ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... advisers have taken similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill that riled AustralianSuper earlier in ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... recently re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation Committee, AustralianSuper head of insurance product Richard Land said the bill's implementation deadline ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to forcefully separate deposit taking banks from wealth ...

'Best in show' a no go: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
... period, the total number of APRA-regulated funds has dropped from 2149 to 2004. Last week APRA chair Wayne Byres told the Senate Economics Legislation Committee the regulator has "upped the ante" over the past year in identifying underperforming funds ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... Chairman Jerome Powell's semi-annual testimony before the Committee on Banking, Housing, and Urban Affairs of the US Senate - turned out to be a bummer. We've seen this movie before. Copied and pasted below is an excerpt from his speech so you ...