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Showing 1 - 10 of 10 results for "Senator Nick Xenophon"

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... victims of poor financial advice. NAB advice client Veronica Coulston was raised as a specific example by Senator Nick Xenophon, who said that she had been "short-changed" by NAB's compensation process. Thorburn said that NAB would be "revisiting" Coulston's ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... law. The motion is supported by a Senate majority of 25 Labor Senators, 10 Greens Senators, independent Senator Nick Xenophon, Palmer United Party (PUP) Senator Jacqui Lambie and Australian Motoring Enthusiasts Party Senator Ricky Muir. Lambie's decision ...

Brumbie: Super idea, super silly reaction

ALEX DUNNIN  |  MONDAY, 18 AUG 2014
... circle the wagons, warning of capital market calamity. Triggering this latest ruckus is that at end July Senator Nick Xenophon issued a media release titled 'Home affordability: a super idea' in which he proposed a simple idea to allow first home buyers ...

AIST slams Xenophon's super home loan proposal

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
Independent Senator Nick Xenophon's proposal to allow first home buyers to access their super for a deposit would "threaten retirement income security", according to Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia. ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... of the Labor Party, the Greens, Australian Motoring Enthusiast Party Senator Ricky Muir and independent Senator Nick Xenophon. Labor is now intending to give notice of a motion to disallow the government's proposed regulations on Monday The Coalition ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... advice scandals within CBA are "just the tip of the iceberg in my understanding." Whish-Wilson quoted fellow Senator Nick Xenophon, who recently commented in the media that, "with all due respect to Mr Murray's background and qualifications, he is not ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... the Coalition has to convince six out of the eight fringe party senators to vote in favour. Independent Senator Nick Xenophon has already declared that he does not agree with the proposed changes and that he will not back the Coalition. The PUP's three ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... change in the law yet and at the moment you are following government policy, instead of the law," independent senator Nick Xenophon noted. ASIC "will adopt a measured approach where inadvertent breaches arise or systems changes are underway, provided ...

Xenophon targets super funds for greater transparency

MELANIE TIMBRELL  |  WEDNESDAY, 14 MAR 2012
... risk disclosure and information benchmarks will be the focus of new proposed legislation from independent Senator Nick Xenophon aimed at increased transparency in superannuation. The move was sparked by concern over the volume of the $1.3 trillion in ...
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