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Showing 1 - 10 of 149 results for "Parliamentary Joint Committee"

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... represent a return on investment of 514 per cent for the recovery program over its lifespan," she told a Parliamentary Joint Committee on Corporations and Financial Services inquiry last year. Super has not been included in the entitlements until Treasurer ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... touts overhauling wholesale investor tests that could result in channels of funding dry up. A recent Parliamentary Joint Committee on Corporations and Financial Services inquiry is considering a refresh of the entire wholesale investor test framework. ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... stakeholders to ensure it takes into account all possible consequential impacts." On March 20, a Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the entire wholesale investor testing framework. Key facets ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... Securities and Investments Commission (ASIC) chair Joe Longo had some choice words when addressing the Parliamentary Joint Committee on Corporations and Financial Services today. When questioned over its capacity to respond to people who approach the ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... consultation is in response to feedback from industry associations, professional bodies, and the Parliamentary Joint Committee's recent recommendation on statutory reporting obligations, which advocated for a comprehensive review to assess if the current ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations and Financial Services will review the wholesale investor tests to determine if they are still relevant. According ...

ASX provides clarity on CHESS replacement

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
Responding to suggestions made at the Parliamentary Joint Committee (Committee) on Corporations and Financial Services, the ASX has confirmed no decisions have been made in relation to the CHESS replacement. In a letter to Committee chair Senator Deborah ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Sterling Income Trust is urging ASIC to take more action in a bid to protect consumers. Speaking at the Parliamentary Joint Committee on Corporations and Financial Services on February 11, ASIC chair John Longo confirmed that two major recommendations ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... a litigation funder. If the legislation progresses, it will implement key recommendations of the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the class action industry ...

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... issues in Commonwealth Financial Planning. The same year saw the Financial System Inquiry and the parliamentary joint committee proposal to lift professional standards. In 2015, there was the Trowbridge inquiry into life insurance, before the process ...
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