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Showing 1 - 10 of 123 results for "Senate Economics Committee"

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. ...

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 ...

'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 ...

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
The Senate Economics Committee has released its third interim report as part of the inquiry into Australia's retirement system. Senate Economics Committee chair Senator Andrew Bragg said the third report is focused around the "shocking governance ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
The Senate Economics Committee Inquiry into Wealth Management Companies (CSLR and Dixon Advisory) has been deferred from March 27 to July 28 - pushing back the inquiry by four months. Parliament returned this week, and the Senate approved the deferral ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical ...
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