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

Search Results

Showing 1031 - 1040 of 2023 results for "Legislation"

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... millions of individuals, the superannuation system encourages greater self-reliance. "The Government will develop legislation to enshrine the objective within the superannuation law, where it will serve as a guide to policy-makers, regulators, industry ...

FSI retirement response receives support

DARREN SNYDER  |  TUESDAY, 20 OCT 2015
... accepted a majority of the Inquiry's recommendations including CIPRs and enshrining the objectives of superannuation in legislation. However the government has also ruled out prohibiting limited recourse borrowing arrangements (LRBAs) by super funds ...

Government to lift advice standards by law

LAURA MILLAN  |  TUESDAY, 20 OCT 2015
... government is determined to raise the professional standards of financial advisers, and it will do it by passing new legislation, it said in its response to the Financial System Inquiry. The government will develop legislative amendments that will force ...

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
... it to take action in exceptional instances, without stifling industry innovation. The government will also develop legislation to give ASIC the power to ban individuals from managing financial firms and consult on strengthening ASIC's enforcement tools ...

Lost super costs young Aussies thousands

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... does not help members' engagement with their super. ASFA recently submitted on the draft Superannuation Guarantee Legislation Amendment (Simplification) Bill 2015, and called for extra resources at the ATO "to detect breaches of SG obligations and to ...

Governance Institute pulls support for super bill

LAURA MILLAN  |  THURSDAY, 15 OCT 2015
... vital need of reform and we support moves to increase the number of independent directors. "However, the blunt club of legislation is not the way to do it." Instead, he proposed to establish a new industry body that would develop guidance on governance ...

ASFA supports SGC bill with increased ATO resources

DARREN SNYDER  |  THURSDAY, 15 OCT 2015
... resources are provided to the Australian Tax Office (ATO). In its submission on the draft Superannuation Guarantee Legislation Amendment (Simplification) Bill 2015, ASFA calls for extra resources at the ATO "to detect breaches of SG obligations and to ...

More must be done to cut fees: FSC

MARK SMITH  |  THURSDAY, 1 OCT 2015
... Council has said. A new report released in the FSC's submission to the Senate Economics Inquiry into the Superannuation Legislation Amendment (Trustee Governance) Bill 2015 shows that increasing scale in super through mergers and raising competitive ...

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
The federal government has released draft legislation aiming to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed super administrative arrangements. Under the new laws a super member will be considered inactive ...

SMSF Association farewells super shadow minister

DARREN SNYDER  |  TUESDAY, 29 SEP 2015
... Services Committee. "The Ripoll report into the financial services industry helped lay the foundations for the FoFA legislation. Although we differed on some of the report's proposals, we always recognised its importance," Slattery said. "As an association ...