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Showing 1 - 10 of 849 results for "Senate"

'Easy peasy, done': Senate rips Equity Trustees' checklist governance

RIDDHIMA TALWANI  |  THURSDAY, 10 SEP 2026
A Senate committee tore into Equity Trustees' governance at a hearing today, with one senator calling its approach to onboarding Shield and First Guardian a "checklist model", a characterisation the trustee rejected. The committee revealed Equity ...

Future Fund chief steps down

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2026
... leadership was questioned during a period of staff turnover. In May Arndt responded to the staff exits while speaking at a Senate Estimates hearing, saying the turnover rate for the fund was at around 6%, and not at a "worrying level". "We tend to have ...

FAAA welcomes 'widow's tax' changes in CGT, negative gearing reforms

KARREN VERGARA  |  TUESDAY, 25 AUG 2026
... pleased the proposed new sections directly resolve the widow's tax issue. It first raised concerns in a submission to the Senate Economics Committee in June, warning proposed negative gearing and CGT reforms could inadvertently penalise surviving ...

Teen workers to miss out on $411m in FY27: SMC

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... compulsory super for under-18 workers, which was well-received by the industry including the SMC and Rest. Another report by the Senate Economics Legislation Committee also supports the removal of the existing 30-hour threshold. SMC said the reform has ...

KPMG details action plan to address whistleblower probe

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
... including unethical behaviour by senior people, and the human impact of its handling of the whistleblower. Speaking at the Senate Chamber on March 24, O'Neill detailed some of the allegations against KPMG by whistleblower including misappropriation ...

Start-ups, small businesses win CGT reform carveouts

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... release of a consultation paper on the trust legislation. "That's obviously not part of this first tranche before the Senate. Now, it's not unusual for there to be a number of pieces of legislation to give effect to major tax reforms and that's ...

Budget changes could drive SMSF adoption: FAAA

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... (SMSFs) as a vehicle for residential property investment, exposing consumers to heightened risks. In its submission to the Senate Economics Legislation Committee's inquiry into the Treasury Laws Amendment (Tax Reform No. 1.) Bill 2026, the FAAA said ...

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 ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI  |  MONDAY, 1 JUN 2026
... parliamentary investigation into the whistleblower allegations is currently being led by Senator Deborah O'Neill. Speaking at the Senate Chamber on March 24, O'Neill detailed some of the allegations against KPMG by whistleblower including misappropriation ...

Future Fund chief says staff departure not at 'worrying level'

RIDDHIMA TALWANI  |  FRIDAY, 29 MAY 2026
... turnover running rate of around 6% in the senior investment team has not reached a "worrying level". Arndt was speaking at a Senate Estimates Committee hearing yesterday about the rise in turnover at the sovereign wealth fund recently. "We tend to have ...
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