Search ResultsShowing 11 - 20 of 100+ results for "Treasury"
Unfair contract terms extended to insurance
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... insurance policy or individuals covered under certain group insurance policies can likely bring actions under the UCT in relation to contracts covered by the regime, the explanatory memorandum reads. Treasury is taking submissions until August 28.
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... Industry (Supervision) Act 1993 was recently amended to facilitate the provision. The new law is also part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 , which passed on ...
Final nail in the coffin for grandfathered commissions
KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... Jane Hume revealed Coalition plans to introduce the legislation later this week, in a joint statement. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 implements the government's response to the ...
Government to close super salary sacrifice loophole
KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures under Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 in Parliament on July 24. One of the proposals aims ...
Super body opposes member interests bill
HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... warranted particularly in light of the significant changes to default insurance and inactive accounts through the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 which took effect from 1 July 2019," WIS said. "There are already ...
APRA endorses review recommendations
KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... outcomes as the "centrepiece of its supervisory approach" across the sector. This includes the recently passed Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation) Act 2019 . "APRA's work on performance ...
Reform implementation timeframe too short: AustralianSuper
HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... riled Australia's largest fund. Airing the fund's position on the Government's recently re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation ...
APRA sticks to rigid member outcomes deadline
KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... breach history and/or the existence of any adverse findings against them. The MySuper authorisation update is part of the newly passed Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019.
Chief economist update: Don't buy a Big Mac in America
BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... to 97.4890. While Trump only nominated China and Europe in his "currency manipulation" tweet, the US Department of Treasury Office of International Affairs had already put nine countries on its "Monitoring List" two months before in its report to ...
Downsizer contributions skyrocket
KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living in New South Wales (31%), Victoria (26%) and Queensland (24%) have been fully embracing ...
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