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Showing 1 - 10 of 170 results for "Economics Committee"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... year prior. 'Less revenue for us': AustralianSuper on closing multiple accounts Fronting the Senate Economics Committee in February, ASIC confirmed internal communications between staff at AustralianSuper played a significant role in shaping ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... 2024, MUFG Pension and Market Services chief executive and managing director Vivek Bhatia fronted the Senate Economics Committee where he said the blame lies with the industry as a whole. "The insurance claims process is a complex one involving multiple ...

Coalition's super for housing policy 'unlikely to continue': Bragg

ELIZA BAVIN  |  WEDNESDAY, 10 SEP 2025
... advocate for allowing Australians to use their retirement savings to purchase a home. In May last year the Senate Economics Committee - of which Bragg was chair - handed down its interim report into existing and proposed super for housing policies. In ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... time, ASIC was entitled to seek a significantly higher penalty of $140 million. ASIC later told the Senate Economics Committee it did not seek a higher penalty, in part, because there is law prohibiting penalties being paid directly from member funds. ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... With an extensive background in economic policy, he was most recently chair of the House of Representatives Economics Committee. Mulino has previously consulted to the World Bank and the US Federal Reserve and is a former economic adviser to Bill Shorten ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... a backstop, de facto capital, stable investment product that the scheme guarantees,'" he said. The Senate Economics Committee Inquiry into Wealth Management Companies (CSLR and Dixon Advisory) has been deferred from March 27 to July 28 - a four-month ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... "Similar to our colleagues on the Parliamentary Joint Committee on Corporations and Financial Services, the House Economics Committee asked extensive questions about ASIC's enforcement approach," he said. "Members also probed how ASIC measures and reports ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... required immediate action, as it prepared to release the report Constant referred to while fronting the Senate economics committee. Among them, ASIC said all trustees under review struggled to provide data to ASIC about their end-to-end claims handling ...
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