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Showing 51 - 60 of 91 results for "Loophole"

Labor blindsides super legislation

DARREN SNYDER  |  WEDNESDAY, 9 NOV 2016
The Federal Government's position on superannuation will be reaffirmed today as three pieces of legislation are introduced to parliament, all despite Labor's attempts to blindside the occasion. The legislation stems from this year's Budget announcements ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Shorten attacks government's retro super changes

DARREN SNYDER  |  FRIDAY, 6 MAY 2016
Federal Opposition Leader Bill Shorten used his budget reply speech last night to label the government's superannuation changes as "retrospective" and reaffirm Labor's election policy on the $2 trillion industry. On Tuesday the government announced ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
The Senate Economics References Committee has recommended legislative amendments which would allow ASIC to immediately suspend a financial adviser if "egregious misconduct" is suspected. Released today, the committee's report on the agribusiness managed ...

OPINION: Super is Murray's big rock

ANDREW BRAGG  |  WEDNESDAY, 18 NOV 2015
... gap in the super choice laws which allows employers and unions to lock employees into their chosen fund. Closing this loophole will mean that all Australians can choose their own super fund. Another fly in the ointment is the $10 billion default fund ...

Opposition welcomes SME package, slams Google tax

MARK SMITH  |  TUESDAY, 12 MAY 2015
Shadow Treasurer Chris Bowen has given his backing to small business tax cuts made in the budget but has branded the so-called crack-down on multi-nationals "a cop out". "We welcome the small business package," he told the ABC's Leigh Sales. "We support ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... superannuants more on the income they have generated for their retirement," he said. Morrison also announced the closure of a loophole that saw 48,000 Australians, particularly retired public servants, hide large portions of their defined benefit income ...

Volcker Alliance proposes new US regulator system

ALEX DUNNIN  |  MONDAY, 27 APR 2015
Six years after US financial regulatory mismanagement triggered the GFC, US policy makers are still debating how the US regulatory system should be restructured. The Volcker Alliance, a non-partisan regulatory think tank comprising former senior regulators ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
Industry Super Australia (ISA) report 'Commissions by Another Name' has sparked outrage among some industry stakeholders, which have labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...