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Showing 1 - 10 of 1195 results for "Parliament"

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... legislation housing the first tranche of financial advice reforms that promise to reduce red tape was introduced in parliament today. Some of the recommendations from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... finalised." Before ASIC is charged with issuing and collecting the levy, a disallowance period of 15 days for each house of parliament must be satisfied.

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... at any stage of the consultation process and are yet to be released for consultation. This affects both our and the Parliament's ability to fully consider all elements of these proposed measures," it said. "This includes how the measures will impact ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... insurance and superannuation entities. The Financial Accountability Regime Bill 2023 passed the upper and lower houses of parliament on 5 September 2023. The FAR aims to strengthen the responsibility and accountability framework for APRA-regulated entities ...

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... that small business is the backbone of the Australian economy. He has previously run a family business before entering Parliament and has a strong understanding of the financial pressures many Australians are currently experiencing under the government's ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill. The Bill, introduced into parliament last year, imposes a tax rate of 15% for superannuation earnings corresponding to the percentage of an individual's ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... from greater efficiencies." Completion of the acquisition remains subject to legislative amendments by the Queensland Parliament and approval by treasurer Jim Chalmers. At the time of writing, Suncorp's shares have risen as much as 7.8% to $15.56. ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
Senator Andrew Bragg has slammed industry super funds, accusing them of channelling $40 million to unions and Industry Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER ...
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