Search ResultsShowing 1 - 10 of 100+ results for "House of Representatives"
NAB revamps superannuation trustee board
KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... September end. NAB first signaled the additions in NULIS chair Peter Promnitz's opening statement to the House of Representatives. "Our four new directors possess diverse and extensive experience in financial services, and I welcome them to the board," ...
ASIC confirms SMSF negative returns
ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question ...
IOOF identifies 67 high risk advisers
ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
Embattled wealth manager IOOF has told the House of Representatives Standing Committee on Economics that it has identified 67 "higher risk" financial advisers within its business. The number comes as IOOF fronts the committee to answer questions previously ...
AMP to cull super trustee, five funds
HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... trustee and five super funds. Responding to a question on notice from its November appearance before the House of Representatives Standing Committee on Economics, AMP revealed its simplified wealth management arm will see it aim to close superannuation ...
Government fund appoints new chair
KANIKA SOOD  |  MONDAY, 16 DEC 2019
... currently considering the possibility of a merger which the latter's chief executive Pennisi told the House of Representatives Standing Committee on Economics, may result in a merger or a "some other arrangement ". Luke will start in the new role ...
Sunsuper head of corporate, insto sales departs
KANIKA SOOD  |  MONDAY, 9 DEC 2019
... merging with the $113 billion QSuper , which the latter's chief executive Mike Pennisi told the House of Representatives Standing Committee on Economics, may result in a merger or a "some other arrangement".
Bill to defer adviser education standards tabled
ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... to defer the education and training standards for existing financial advisers was introduced in the House of Representatives today. The bill was circulated by the authority of Michael Sukkar, minister for housing and Assistant Treasurer. It will amend ...
Enforcement appetite is working: APRA
ELIZA BAVIN  |  MONDAY, 2 DEC 2019
The prudential regulator has told the House of Representatives Standing Committee on Economics that despite tough conditions it has shown an increased appetite to be "constructively tough". APRA chair Wayne Byres told the committee that broader enforcement ...
FSC hails super choice amendments
HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... yesterday's introduction of the Treasury Laws Amendment (Your Superannuation, Your Choice) bill to the House of Representatives, and said the changes - which will allow up to one million Australians to choose the fund their super guarantee entitlement ...
AMP transfers 25% of accounts to ATO
ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... measures to reduce duplicated accounts and we felt the right approach was to transfer them to the ATO." The House of Representatives Standing Committee on Economics has been grilling superannuation funds over the practice of transferring "zombie accounts" ...
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