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Showing 921 - 930 of 2575 results for "Treasury"

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... ban grandfathered conflicted remuneration for financial advisers last February. The new regulations - in the form of a Treasury Laws amendment - propose to change the Corporations Regulations to allow any conflicted remuneration payable after 1 January ...

Chief economist update: A question of when?

BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
... premature. The inversion needs to be sustained for longer (not just a day)." Today marks the fourth day of the US 10Y Treasury/1Y T-note yield inversion and the third negative yield differential between the tenners and the 3-month bill rate. We're ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... APRA's lending standards have been strengthened and ASIC's scrutiny of responsible lending compliance has increased. Treasury said in a statement that the Financial Adviser Standards and Ethics Authority's setting of new educational requirements for ...

Chief economist update: Woe to the world

BENJAMIN ONG  |  MONDAY, 25 MAR 2019
... Nikkei-225 is up 7.2% and China's Shanghai composite index is up 21.2%. "Bond yields have been falling: US 10-year Treasury bond yield down by 0.09% to 2.59% since the start of 2019; Australia down by 0.34% to 1.98%; Eurozone down by 0.16% to 0.08% ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... property in 2015. Banks have phased out these limited recourse borrowing arrangements under some political pressure. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 is still not passed, but if it is, the outstanding loan amount ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report, outlining further regulatory power for ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... Shanghai composite index is up 21.2%. This makes perfect sense, especially given bond yields have been falling: US 10-year treasury bond yield down by 0.09% to 2.59% since the start of 2019; Australia down by 0.34% to 1.98%; Eurozone down by 0.16% to ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... APRA capability review has now commenced, with a three-person panel appointed by Federal Treasurer Josh Frydenberg. The Treasury is seeking responses on the consultation for the next 26 days, through April 10. The terms of reference state the panel should ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... decision to allow mortgage brokers to continue collecting trailing commissions earlier this week, NAB said it will work with Treasury's working group to "ensure that the broking industry remains viable, customers have choice and get the best possible ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... The pending passage of a key Bill to strengthen APRA's enforcement powers however is hampering its new initiatives. Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019, which gives APRA ...