AUSTRALIA – POLITICS AND GOVERNMENT

Ban on financial fees

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 and 4 : 20-Jun-14

The Australian Government will wind back key measures of the Future of Financial Advice reforms, including the requirement that financial planners must act in the best interest of clients. Planners will also be barred from receiving up-front or trailing commissions for providing general advice to clients, while the requirement that clients must "opt-in" to receive financial advice will also be scrapped

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIAN BROADCASTING CORPORATION, INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIAN CONSUMERS’ ASSOCIATION, NATIONAL SENIORS AUSTRALIA LIMITED, COUNCIL ON THE AGEING

Abbott dared to call double dissolution

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 6/19/2014

The Senate has for a second time rejected the Australian Government’s bill to scrap the Clean Energy Finance Corporation. This has provided the Government with a trigger for a double dissolution election, although Deputy Liberal Party leader Julie Bishop has downplayed such talk. She argues that voters do not want the instability and uncertainty that characterised the previous administration. The Government’s poor showing in recent public opinion polls also makes an election unlikely

CORPORATES
AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED