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Showing 141 - 150 of 3464 results for "law"

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... Bill, which is still before parliament, ASIC flagged this as another reason for the extension. After the bill passes into law, ASIC said it will issue regulatory guidance, conduct webinars, and open the registration portal to commence accepting applications ...

NowInfinity bolsters estate planning capabilities

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
NowInfinity, part of Class, has added new features to its SMSF trust deed. The new product features enhance its current SMSF deed and consolidate its position as the industry benchmark for SMSF documentation. Further, the deed will act as the cornerstone ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... Laws Amendment (2023 Measures No. 3) Bill 2023 on September 6 in a bid to stem the exodus of experienced advisers. The new law recognises those with 10 years or more of experience, have passed the mandatory exam and possess an unblemished record, as ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... efficiently identify, escalate or rectify the ongoing issue; didn't promptly identify and merge multiple accounts as required by law; and didn't do all things necessary to ensure it was acting efficiently, honestly and fairly. It also said AustralianSuper ...

Investing in research generates threefold economic output

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023
... earnings of up to $100 million per year by 2032. Funding research can also generate social benefits. The project "Changing the law to protect survivors of domestic and family violence", led to changes to domestic and family violence laws in Queensland ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... Assent. For the insurance and superannuation industries, it will apply 18 months after Royal Assent. A key objective of the law "is to improve the operating culture of entities in the banking, insurance and superannuation industries and to increase transparency ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... proceedings in the Federal Court, alleging that Westpac failed to respond to hardship notices within 21 days as required by law. Between 2015 and last year, 229 customers experiencing financial hardship - many of whom were unable to work or had serious ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
Inflation in Australia has slowed to its lowest level in a year and a half, encouraging thoughts that the Reserve Bank of Australia (RBA) tightening cycle has peaked. The Australian Bureau of Statistics (ABS) revealed the consumer price index (CPI) ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023
The Commonwealth of Australia will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit. The case, filed in 2020 by retail investor Kathleen O'Donnell, was represented pro bono ...