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The ABA has expressed angst over the Government’s move to force the major banks’ senior executives to sign confidentiality agreements before releasing the legislation....
INDUSTRY NEWS
Debt management advisers are operating via a regulatory loophole and need to adhere to the same regulatory standards as financial planners, a parliamentary committee has...
INDUSTRY NEWS
Federal Treasurer, Scott Morrison has reminded NAB chairman, Ken Henry about his past authorship of tax proposals such as the mining tax and a tax on bank deposits....
INDUSTRY NEWS
National Australia Bank chairman, Ken Henry has reflected the united voice of the major banks against the bank levy but the major parties seem equally united in supportin...
INDUSTRY NEWS
The ABA has called for the Government to undertake a thorough regulatory impact statement of the bank levy before the bill is passed through Parliament....
INDUSTRY NEWS
The big bank CEOs are threatening fallout from the bank levy including impacts on suppliers and media....
INDUSTRY NEWS
ABA chief executive, Anna Bligh has asked for more information on the bank levy modelling and its economic impact in a ‘truncated consultation period’....
INDUSTRY NEWS
The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...
INDUSTRY NEWS
The major banks still don’t know precisely how the Government’s new bank levy will work but most are claiming it will be shareholders and customers who ultimately pay....
INDUSTRY NEWS
Significant policy changes laid out in the 2017 Federal Budget which affect Australia’s fintech sector have been met with approval by the industry body. ...
INDUSTRY NEWS
Bank executives are unhappy and the Financial Services Council wants substantial consultation around the new Banking Executive Accountability Regime....
INDUSTRY NEWS
The Diverted Profits Tax will impose a 40 per cent penalty tax rate on Australian profits artificially shifted offshore by large multinationals....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...