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Showing 991 - 1000 of 2023 results for "Legislation"

Reducing concessional contribution caps would hurt: SMSFA

DARREN SNYDER  |  THURSDAY, 3 MAR 2016
... Australians in the system. "We reiterate our position that the government must enshrine the objectives of superannuation in legislation and seek more accurate measurements of the costs and benefits of superannuation to the economy before any significant ...

Annuity sales growth drive up Challenger 1H16 profit

ALEX BURKE  |  TUESDAY, 16 FEB 2016
... Comprehensive Income Products for Retirement (CIPRs) as recommended via the Financial System Inquiry. "Following through with legislation will embed retirement income as the foundation of our superannuation system," he added. He continued that this was ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... report but are yet to be implemented by the government. These included enshrining the objectives of superannuation in legislation and developing an overarching retirement incomes policy. The industry body's pre-Budget submission also reiterated its FSI ...

LIF expected before parliament this week

ALEX BURKE  |  THURSDAY, 11 FEB 2016
... the House of Representatives by Assistant Treasurer Kelly O'Dwyer this week. The government released exposure draft legislation in December 2015, based on the framework, which O'Dwyer said at the time would "ensure that the interests of financial firms ...

Pensioners want DB decision reversed

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... said one of the problems under the new rule is not being able to reverse retirement decisions made well-before the legislation existed. CSPA said defined benefit pensioners who did not contribute up to $150,000 a year to their super after May 2007, or ...

Super's purpose under further scrutiny

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
The immediate need for a definition of superannuation to be enshrined in federal legislation is becoming clear as more ideas are floated about how to best use the savings pool. Western Australia Senator Chris Back has proposed that super could be used ...

United approach to super fund disclosure: AVCAL

DARREN SNYDER  |  THURSDAY, 21 JAN 2016
... reporting and disclosure processes. The idea forms one of AVCAL's three recommendations to federal Treasury on draft legislation for improved superannuation transparency. Public submissions to the draft legislation closed on January 20. AVCAL said the ...

20pct tax rebate is budget neutral: FSC

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
... 9.5%, the decrease in tax receipts would be less than $1 billion to $4 billion. An increase to 12%, following current legislation, would see tax receipts decrease by less than $400 million. The Australian Chamber of Commerce supports the direction of ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
... purchase an additional pension at a cost to them that had been set by government actuaries, as laid down in the relevant legislation, and some were able to use the balance to purchase further pension, again with their after-tax contributions," Griffiths ...

Adviser standards need a tidy

DARREN SNYDER  |  MONDAY, 11 JAN 2016
... proposed regulation and professional standards would apply to individuals. In its submission to Treasury on draft legislation aiming to lift professional standards of financial advice, ASFA also said advisers authorised to only provide intra-fund advice ...