The Senate today passed a motion lodged by the Nationals Senator for NSW John Williams which will put the spotlight on the life insurance industry.
The Parliamentary Joint Committee on Corporations and Financial Services will be asked to consider whether the industry needs further reform and better oversight by regulatory bodies like the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).
Senator Williams said following the joint Fairfax-Four Corners expose on cases where people have been refused payouts for what seemed legitimate claims, he was made aware the practice may be more widespread.
Almost $1.2 million will be distributed to councils in the Richmond electorate in the latest funding round under the Federal government’s Roads to Recovery programme.
Announcing the allocations today, the Nationals Duty Senator for Richmond John Williams said the Federal government is providing $3.2 billion to councils around Australia between 2014-15 and 2018-19 to repair and upgrade roads.
This includes the initial doubling of funding for 2015-16 and the additional $1.1 billion announced in June last year from the Fuel Excise Bill.
Senator Williams said in the August payments Tweed Shire Council will receive $658,333, Byron Shire Council $499,903 and Ballina Shire Council $40,438.
Singleton Council will receive funding under the Federal government’s Roads to Recovery programme.
The Nationals Duty Senator for Hunter John Williams said the Council will receive $250,000 as its August payment.
He praised the Roads to Recovery programme which is providing $3.2 billion to councils across the nation between 2014-15 and 2018-19 to support maintenance of the local road network and improve road safety.
A review and public consultation will take place on all issues which surround the supply and remuneration conditions of labour performed by Working Holiday Maker visa holders.
The Nationals Duty Senator for Hunter John Williams says farmers and tourism operators have expressed strong opinions about the supply and taxation of working holiday visa holders, and the proposed 32.5 percent tax rate is seen by many as a disincentive for them to work.
Senator Williams said the 200,000 who come to Australia to pick fruit and vegetables and undertake rural and associated work must not have the door shut on them or the growers and farmers will suffer.