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Showing 71 - 80 of 170 results for %22Treasurer Scot Morrison%22

BEAR has 'teeth': Treasurer

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... their obligations under the Banking Executive Accountability Regime will face much tougher penalties and consequences, Treasurer Scott Morrison warns. Morrison told the Financial Services Council and BT Political series breakfast this morning that the ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... draft legislation in an effort to allow fintechs to test financial services and products without the burden of an AFSL. Treasurer Scott Morrison said the proposed legislative package supports the fintech industry which has propelled Australia to become ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... Bill to the House of Representatives. Introducing the legislation would "enact landmark financial services reform", Treasurer Scott Morrison said, adding it would impose tough new rules and greater accountability to bank executives. It would also mean ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... Related Measures) Bill 2017 to the Banking Act will bring tough new rules and greater accountability to bank executives, Treasurer Scott Morrison said. "Under the BEAR, banks and their senior executives and directors will be expected to conduct their ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... will make banks and its senior executives and directors "accountable for meeting heightened standards of behaviour," Treasurer Scott Morrison said in releasing the BEAR draft bill. Morrison flagged stricter accountability obligations for banking and ...

Retail investors given equity crowdfunding boost

ALEX BURKE  |  THURSDAY, 14 SEP 2017
... important for innovative, early-stage businesses that may have difficulty accessing funding from traditional sources," Treasurer Scott Morrison said. "As part of this Bill, proprietary companies wanting to access equity crowdfunding will no longer have ...

Treasurer backs APRA's CBA probe

KARREN VERGARA  |  THURSDAY, 31 AUG 2017
... APRA's inquiry into the Commonwealth Bank could be available in six months' time with appropriate action being taken, Treasurer Scott Morrison told this morning's Bloomberg Address. Morrison said he supported and is pleased with APRA's decision to conduct ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... eligible contributions from 1 July 2017, with withdrawals allowed from 1 July 2018. A statement released by Federal Treasurer Scott Morrison last month said the Government was "launching the next phase of its comprehensive housing affordability package" ...

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... greater access to banking data under a proposed open banking system regime. The regime, announced for review by Federal Treasurer Scott Morrison yesterday, will seek to open up consumer and third party access - with consumer consent - to customer and ...

Future Fund investment mandate revised

DARREN SNYDER  |  THURSDAY, 25 MAY 2017
... follows the Government's Budget decision to defer drawing down from the Future Fund until at least 2026-27. Federal Treasurer Scott Morrison said the revised mandate will now be tabled in Parliament. "Since its inception the Future Fund's returns have ...