Articles tagged with 'Chris-Bowen'

Govt to address unfair terms in insurance contracts

17 March 2010 | The Government is seeking comment on an options paper it released today to address unfair terms included in insurance contracts.


Keating slams contribution caps

17 March 2010 | Former Prime Minister Paul Keating has criticised the Government for its decision to reduce superannuation concessional contributions, describing it as a "dreadful decision".


Financial planners warned to prepare for credit licensing regime

16 March 2010 | Some 40 per cent of financial planners provide debt advice or loan assistance to their clients, which may lead to problems if they do not hold a credit licence after July 1.


Legislation gives market supervisory powers to ASIC

12 March 2010 | ASIC will take on supervision of Australia's financial markets as of the third quarter of 2010.


Govt spotlight on borrowing in super

11 March 2010 | Government tax and consumer protection proposals made in recent days appear to have put the spotlight on common industry practices around borrowing in super.


Working group close to finality on margin lending

3 March 2010 | The Financial Services Working Group is close to finalising the streamlined disclosure documentation attaching to margin loans, superannuation and managed investment schemes.


AIST calls for tighter controls on SMSFs

22 February 2010 | The Australian Institute of Superannuation Trustees has called for stronger regulation of advisers to SMSFs and highlighted the need for funds to be fully regulated under the same regulations as APRA-regulated funds.


Govt moves to streamline super disclosure

22 February 2010 | The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen, confirms moves to streamline long-term superannuation disclosure requirements.


Power to supervise markets handed to ASIC

10 February 2010 | The power to supervise domestic Australian market licensees will be handed over to ASIC today.


Money Management 4minutes

3 February 2010 | Stay in touch with the issues affecting your industry with Money Management's video news burst. 7 days of news in under 4 minutes. Proudly sponsored by Macquarie.


Remarkable benefits of being unremarkable

25 January 2010 | While there will be plenty of discussion around policy issues this year, the realities of the political cycle mean it will be well into 2011 before financial planners can expect to see any actual change.


Amendment bill seeks to increase APRA powers

20 January 2010 | The Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010 is aimed at enhancing the powers of the Australian Prudential Regulation Authority (APRA).


Banking association welcomes corporate insolvency proposals

20 January 2010 | The Australian Bankers’ Association (ABA) has welcomed proposed government reforms that would provide flexibility for directors and creditors of troubled companies to work outside formal insolvency arrangements.


Tax changes likely in Budget

18 January 2010 | The Minister for Financial Services, Chris Bowen, has signalled the likelihood of further tax changes impacting investment and funds management in the Federal Budget.


Big picture focus leaves Better Super issues unresolved

13 January 2010 | A focus on broader superannuation policy has left a number of the technically challenging details introduced in the Better Super package unresolved, particularly where concessional contribution traps are concerned.


The top 5: Policies

21 December 2009 | As 2009 comes to a close, Money Management examines the policy developments that have shaped and will reshape the industry.


The top 5: Winners

21 December 2009 | As 2009 comes to a close, Money Management looks back at the year's winners.


Government moves on product consolidation

14 December 2009 | Chris Bowen begins consultation on rationalisation proposals aimed to address the issue of outdated legacy products.


Ripoll Inquiry: One step on a long road

7 December 2009 | The Parliamentary Joint Committee on Corporations and Financial Services (the Ripoll Inquiry) has delivered precisely what could be expected from a parliamentary inquiry – a set of recommendations for the Government to consider but no silver bullets. A Mike Taylor editorial.


Ripoll Inquiry: The review saga begins

7 December 2009 | The findings of the Ripoll Inquiry have been broadly welcomed by the financial planning industry, but as Mike Taylor reports, they will ultimately be diluted by the findings of the Cooper and Henry reviews.


Super clearing house has advantages

30 November 2009 | Small employers will run fewer risks of incurring penalties on superannuation guarantee payments by utilising the Government’s new super clearing house.


Industry funds: Time to kill the polemic

30 November 2009 | It is time for Industry Super Network's David Whiteley to put down the verbal cudgels and for his industry funds’ backers to cease their consequent expenditure of members’ funds.


Govt will consider Ripoll with Cooper

24 November 2009 | The Minister for Financial Services, Chris Bowen makes clear the Ripoll Inquiry will not be viewed by the Government in isolation, with much now depending on the findings of the Cooper Review.


AFA supports raising of education bar

23 November 2009 | The Association of Financial Advisers (AFA) has endorsed the drive to raise the financial planning education bar, however, CEO Richard Klipin said theoretical knowledge must include practical experience.


Termination payments legislation passed through the Senate

17 November 2009 | The passing of a Corporations Amendment Bill through the Senate will empower shareholders to reject excessive termination payments and prevent irresponsible remuneration practices.


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1MMFPAAFAmerger Do you support a merger of the Financial Planning Association and the Association of Financial Advisers?
 
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