assistant treasurer

Superannuation

The Senate has passed a bill that abolishes duplicative payslip reporting provisions in superannuation legislation, a move the Federal Government says will reduce red tap...

Editorial

2015 - New minister, new debates

As the financial planning industry proceeds further into 2015 it must accept little or no further change to FOFA but a range of new debates and opportunities....

Superannuation

Default funds excluded from Workplace Relations review

The Productivity Commission has signalled it won’t be traversing the default funds issue in its review of the Australian Workplace Relations Framework....

Superannuation

Govt to change SG Charge regime

Frydenberg commits to changing an SG Charge regime described as “unnecessarily harsh”....

Funds management

Frydenberg backs super governance changes

Newly appointed Federal Assistant Treasurer, Josh Frydenberg, has backed governance improvements for superannuation funds, including more independent directors....

Financial planning

Lobbying did not stall adviser education standards: ASIC

ASIC has vehemently denied being swayed by lobbying groups to suspend its adviser competency push. ...

Financial planning

US derivative exchanged granted CS licence

Commodity derivative exchange the Chicago Mercantile Exchange (CME) has been granted a clearing and settlement (CS) facilities licence....

Policy & Regulation

PUP support ensures FOFA reform regulations stand

Support from the Palmer United Party has ensured a move by the Australian Labor Party to disallow the Government’s Future of Financial Advice regulations failed in the Se...

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Policy & Regulation

Opportunism driving Labor on FOFA - Cormann

Finance Minister, Mathias Cormann, claims the Opposition’s efforts to create a further Senate inquiry into the planning industry is political opportunism at work....

Policy & Regulation

Key FOFA report due today

Cormann says Senate Committee report will influence the shape of the Government’s ultimate FOFA changes....

Policy & Regulation

Cormann outs FOFA amendment critics

Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....

Financial planning

Cormann warns on one size fits all

The Minister for Finance and acting Assistant Treasurer, Senator Mathias Cormann has cautioned against a one size fits all approach to the advice regulatory settings....