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Showing 1041 - 1050 of 2024 results for "Legislation"

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 ...

Succession planning is not a waiting game

ALEX BURKE  |  TUESDAY, 29 SEP 2015
... plans. In fact, if you are waiting for the economy to move into growth mode; or for the government to pass the FoFA legislation - forget it." Instead, Tynan suggested practice owners should base their succession plans on a "balance between business ...

SMSFs impacted by power of attorney rule changes

STAFF WRITER  |  THURSDAY, 24 SEP 2015
... Nothing needs to be done in relation to existing enduring powers of attorney as these are grandfathered under the new legislation. Townsends Business and Corporate Lawyers warned that particularly important for SMSF advisers is the provision prohibiting ...

UK moves away from annuities: research

DARREN SNYDER  |  TUESDAY, 22 SEP 2015
... for those in retirement." He said drawdown requires ongoing monitoring, to ensure evolving markets, inflation and legislation, including taxation, are included. "The one big factor relating to annuities arguably is that possibly at some point in the ...

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... opposing reduced penalties for employers not meeting their compulsory super guarantee payments to employees. Draft legislation A introduced by former federal small business minister Bruce Billson is aiming to reduce the harshness of the superannuation ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... made, are in their best interests," BTFG general manager of superannuation Melinda Howes said. The Superannuation Legislation Amendment (Trustee Governance) Bill 2015 considers increasing the number of independent trustees in fund boards and considering ...

Super board governance legislation introduced today

DARREN SNYDER  |  WEDNESDAY, 16 SEP 2015
Federal Assistant Treasurer Josh Frydenberg will introduce the government's superannuation board governance legislation today at the angst of Industry Super Australia (ISA). Although debate on the Superannuation Legislation Amendment (Trustee Governance) ...

UK adds SMSF after slashing Australian pension schemes

ALEX BURKE  |  TUESDAY, 8 SEP 2015
... funds could incur a 55% penalty charge. As the HRMC announced in April, the goal of changes made to overseas pension legislation was to bring overseas schemes "in line with the 2015 changes made to the rules for UK registered pension schemes."

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
... However, APRA acknowledges the precise definition of independence is yet to be finalised by government: "Whilst the legislation will be amended to provide more detail on the definition of 'independent' in the law, rather than in APRA's prudential standards ...

Red tape being reduced for super funds

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... preparing to enact some of its 2015 budget promises that will likely reduce red tape for superannuation funds. Draft legislation announced on Friday aims to allow the Commissioner of Taxation to pay super amounts directly to individuals with a terminal ...