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Showing 1 - 10 of 100+ results for "House of Representatives"

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... Standards and Ethics Authority and transfers its functions to the government," she said. The bill passed the House of Representatives on August 4 and is scheduled to commence on 1 January 2022.

Super funds don't vote together: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
The House of Representatives committee looking into common ownership of ASX companies has continued this week, with the super industry hitting back at suggestions that funds act in unison. Yesterday, Australian Council of Superannuation Investors (ACSI) ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives Standing Committee on Economics inquiry heard that the 13 funds must provide a report to APRA identifying the causes of ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... devaluations on the back of advice from external valuers and investment managers. In August 2020, the House of Representatives Standing Committee on Economics public hearing questioned APRA's Wayne Byres and Helen Rowell on what the regulator was ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... labelled the idea "facile" and "illiberal". "This illiberal idea is inconsistent with the recently announced House of Representatives inquiry into concentration and common ownership in the Australian share market and would exacerbate the very issues ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives on August 4. It brings to life Recommendation 2.10 from the Hayne Royal Commission to establish a new disciplinary system for ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch of the Inquiry into the implications of common ownership on Australia's ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson said its decision to invest ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... industry fund Aware Super was grilled on the bonuses it pays executives and how it justifies them. The House of Representatives Standing Committee on Economics asked Aware chief executive Deeanne Stewart and chief investment officer Damien Graham what ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another. AustralianSuper chief executive Ian Silk and Cbus ...
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