Ownership Matters

It’s rare that an inquiry finds no evidence of harm from a practice and still recommends against it – but that’s the path the standing committee on economics has gone down. The standing committee on economics’ inquiry into common ownership was most notable for beingone of the few inquiries of that body that regularly ended…

Treasurer Josh Frydenberg’s proxy reforms have been blown out of the water. The question that remains is why they were ever proposed in the first place. The decision to disallow Frydenberg’s proxy advice regulations marks the end of a deeply weird saga where Treasury tried to annihilate an entire industry – that barely anybody had…

A prospective Labor government would strike out Treasurer Josh Frydenberg’s proxy advice reforms – if Parliament doesn’t do it first. The proxy advice reforms will in be Labor’s crosshairs as Parliament resumes, with shadow minister for financial affairs Stephen Jones calling them “one of the worst policies I have seen in my 10 years in…

Opposition to Treasurer Josh Frydenberg’s proxy advice reforms is growing, with one key Liberal senator questioning his use of the regulations power and warning of a possible disallowance. While not disagreeing with the reforms in principle, senator Concetta Fierravanti-Wells – head of the standing committee for scrutiny of delegated legislation – questioned why Frydenberg had…

The Financial Services Council (FSC) fought to keep its submission on the proposed proxy advice reforms confidential for fear it would “play out in the media”. The FSC’s submission to Treasury on its proposed proxy advice reforms has been kept confidential despite a freedom of information request for its release, with the FSC concerned that…