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Showing 1 - 10 of 35 results for "Senate Economics Legislation Committee"

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... "greater legal clarity" to how advice fees are deducted from superannuation fund accounts. The Senate Economics Legislation Committee, led by chair senator Jess Walsh, tabled its final report today. The bill, Treasury Laws Amendment (Delivering Better ...

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
... spending more, having "made bank" on the back of increased interest rates. Appearing at the Senate Economics Legislation Committee this morning, RBA governor Michele Bullock said the nominal data provided to the central bank by the banking sector shows ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
The Senate Economics Legislation Committee has recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics Legislation Committee, Longo spoke of the importance of transparency and accountability. "I welcome accountability, it's a very important ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... regime closer to passing, there are fears it will fall short of protecting consumers. The Senate Economics Legislation Committee released a summary of the proposed bill, with input from industry stakeholders, who largely voiced concerns that the scheme ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
The Australian Tax Office announced it will not pursue businesses that took advantage of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error. The ATO revealed that over one million businesses ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... is likely to be significant... A profit-to-member fund estimated in a submission to the Senate Economics Legislation Committee that the cost of organising and hosting an electronic annual member meeting for nearly two million members may be up to $5.9 ...

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... week, as superannuation funds await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator Slade Brockman, was tasked with producing the report on February 18. The due date was set for ...

ATO quizzed on readiness for stapling

KANIKA SOOD  |  FRIDAY, 9 APR 2021
... checks it expects, but maintained its readiness for a July 1 go-live. Appearing before the Senate Economics Legislation Committee yesterday, ATO assistant commissioner Larissa Evans said the manual checks with ATO for an employee's old account would ...
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