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Showing 71 - 80 of 1201 results for "Parliament"

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... prove challenging). In response to the additional sanctions and support of Ukraine, Zelenskyy addressed Australian parliament. Welcoming Zelensky to parliament, Prime Minister Scott Morrison said: "Mr President, our pledge is that when freedom prevails ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... broader CCIV regime commences. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 passed parliament on February 10. The legislation enables the setup of CCIVs as a new type of company that is limited by shares and has ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... year. The PSS closed to new members in 2005 and was replaced by the Public Sector Accumulation Plan (PSSap). In 2011, Parliament passed new laws overhauling the Commonwealth's public service and military superannuation schemes. The Australian Reward ...

Australia confirms economic sanctions against Russia

ELIZABETH MCARTHUR  |  TUESDAY, 1 MAR 2022
... Ukraine. So far Australia has sanctioned more than 350 Russian individuals, including oligarchs, members of Russian parliament and military commanders. In a joint statement, Prime Minister Scott Morrison, Minister for Foreign Affairs Marissa Payne and ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
Corporate regulator ASIC is being urged to take more action with respect to the collapse of the Sterling Income Trust. A senate committee that recently handed down its final report in its inquiry into the collapse of the Sterling Income Trust is urging ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... about 300,000 people eligible for super contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside the Retirement Income Covenant and the Corporate Collective Investment Vehicles regime. From 1 July 2022 ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
The Senate has overturned proxy advice reforms announced at the end of last year, three days after the new regime had begun. On a vote of 29 votes to 25, the Senate disallowed the new regulations that were announced by Treasurer Josh Frydenberg in December ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... how they are interpreting these new provisions, and what actions they will take to ensure that the decisions made by Parliament are not easily and carelessly overturned. "The committee would like to know how superannuation trustees could fund their penalties ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... on low incomes and people working multiple small jobs," Women in Super chair Kara Keys said. "The Bill is before the Parliament this week and has bipartisan support. There is no reason not to pass it."