Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1011 - 1020 of 2023 results for "Legislation"

FoFA end marks start of new advice era

LAURA MILLAN  |  MONDAY, 30 NOV 2015
The passing of the last amendments to the Future of Financial Advice (FoFA) legislation puts the controversial bill to bed and marks the start of a new age for financial advisers. Years of policy tinkering and regulatory uncertainty ended last week ...

Treasurer commits to improve after-fee super returns

DARREN SNYDER  |  FRIDAY, 27 NOV 2015
... you have choices and control of your lives," Morrison said. The Treasurer said enshrining the objective of super in legislation will not only inspire confidence in the system it will also provide a valuable yardstick to measure competing superannuation ...

AustralianSuper chief calls for man on the moon moment

DARREN SNYDER  |  WEDNESDAY, 25 NOV 2015
... languishing somewhere in the gutter." He said the super industry as it stands today came about thanks to government legislation but whether the industry has acknowledged those special responsibilities and obligations is questionable. "Have we embraced ...

ASIC sees potential for "large scale loss" in robo-advice

LAURA MILLAN  |  MONDAY, 23 NOV 2015
... not contemplating to regulate the sector separately from other financial services providers. "Our view is that the legislation is tech neutral. The same standards will apply whether it's technology-based advice, or face to face." She said that robo-advice ...

FPA promises continuity in leadership succession

LAURA MILLAN  |  FRIDAY, 20 NOV 2015
... changed; it has evolved as it should have and Dante's experience with government is going to help us get some bits of legislation through," he said. De Gori said that he is focused on "completing the transition appropriately and making sure the organisation ...

Advice M&A deals boom after years of stagnation

LAURA MILLAN  |  FRIDAY, 20 NOV 2015
... buying. This, combined with the uncertainty around the grandfathering provision in the Future of Financial Advice (FoFA) legislation meant that all M&A activity stalled. "As financial planning businesses, we have been operating in a market that has been ...

O'Dwyer outlines government superannuation push

LAURA MILLAN  |  MONDAY, 16 NOV 2015
... Council (FSC) and BT, O'Dwyer said that the government will first enshrine the objective of the superannuation system in legislation. "This will help align policy settings, industry initiative and community expectations," she said. "Improving the efficiency ...

Super non-compliance to cost $44 billion

ALEX BURKE  |  MONDAY, 16 NOV 2015
... lost retirement savings today having a compounding effect magnifying the losses over time," Atkin continued. "Recent legislation by the Government that reduces penalties for employers' who fail to make super contributions on behalf of their employees ...

Super guarantee charge bundled by red tape repeals

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
... Red Tape Repeal Day on Thursday included amendments to the superannuation guarantee charge (SGC) but the proposed legislation has been rolled over to parliament's final sitting weeks for the year. Under the proposed changes, the SG charge - a penalty ...

Labor opposes super trustee governance bill

DARREN SNYDER  |  TUESDAY, 10 NOV 2015
... independent directors, and appoint an independent chair. Liberal senator Sean Edwards chaired the Senate Economics Legislation Committee and prepared the final report. "The committee is of the view that the bill contains provisions designed to ensure ...