parliamentary joint committee

PARLIAMENTARY JOINT COMMITTEE

Superannuation

Meat industry super fund in spotlight on governance

Reports of payments to a union official and a mandate to a property developer have intensified the spotlight on industry superannuation funds governance....

Policy & Regulation

FOFA provides no guarantees of Trio Capital repeat

A senior lawyer has warned there is nothing in FOFA to prevent a repeat of Trio Capital, Storm Financial or Westpoint....

Financial planning

Bill Shorten fingers financial advisers on Trio Capital

Minister for Financial Services Bill Shorten canvasses SMSF compensation levy while fingering some financial advisers on Trio Capital collapse....

Financial planning

Trio Capital worse than Storm Financial, says PJC

The Parliamentary Joint Committee investigating the Trio Capital collapse says it is more troubling than Storm Financial, and the FOFA changes are unlikely to stop a repe...

Superannuation

Trio Capital PJC report calls for action

Opposition urges action to extend compensation to a wider range of Trio Capital investors....

Financial planning

Mathias Cormann accuses Bernie Ripoll of contradictions

The Federal Opposition has accused new Parliamentary Secretary Bernie Ripoll of adopting a contradictory approach on legislation. ...

Financial planning

Cross-ownership a barrier to good financial advice: ASIC

The ownership of financial planners by product manufacturers creates one of the main barriers to improving the quality of advice in Australia, according to ASIC....

Superannuation

Mathias Cormann slams anti-competitive default super arrangements

The Government should act immediately to improve the current anti-competitive arrangements for the selection of default superannuation rather than waiting a year for the ...

Editorial

FOFA's failings come into focus as time runs out

The financial planning industry understands that time is running out to extract key amendments to the FOFA bills and, as Mike Taylor writes, the industry has distilled it...

Editorial

Have ASIC and APRA lost their objectivity?

Concerns ASIC and APRA were becoming increasingly politicised were brought to a head during the hearings into the FOFA reforms....

Editorial

Will FOFA hold up to parliamentary scrutiny?

Mike Taylor writes that the dissenting reports produced within the Parliamentary Joint Committee reviewing the FOFA bills will ensure the key points are thoroughly debate...

Policy & Regulation

FOFA flaws outlined in FPA letter to independents

The FPA has written to the key independents outlining the flaws in the FOFA bills and seeking support for amendments....

Policy & Regulation

FPA and AFA lobby on FOFA key issues

Both the FPA and AFA have distilled their lobbying on FOFA to sets of key issues and vow to maintain the fight....

Editorial

Bill Shorten’s tall order

Recent suggestions that Kevin Rudd would offer Bill Shorten the Treasury portfolio in the event Rudd returned to the prime ministership is a reflection of the silliness t...

Policy & Regulation

FOFA lobbying intensifies

Financial planning industry awaits announcements from Financial Services Minister, Bill Shorten, while lobbying around FOFA amendments intensifies....