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

Search Results

Showing 91 - 100 of 645 results for "Amendment"

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... record-keeping, and custody of CCIV assets are some of the measures outlined in the Corporations and Other Legislation Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2021. The bill also sets out arrangements for cross-investment ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... pushed through the reforms without further consultation from stakeholders. The new rules form part of the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021. The licensing extension and the requirement to provide copies of ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation. The guidance outlines how institutions must identify and monitor risk, covering ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... members to be able to make informed decisions in retirement. McCrea also urged the Parliament to pass the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021 to ensure that those ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... expressed its disappointment with the outcome. The government released on November 11 a final version of the Corporation Amendment (Portfolio Holdings Disclosure) Regulations 2021, which was roundly supported by super funds. But, Morningstar said the ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... see the merger of Sunsuper and QSuper through was passed this week. The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was passed by the Queensland Parliament on October 26, enabling the merger. The bill saw a relatively speedy turnaround ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
The House of Representatives Standing Committee on Tax and Revenue has released a report aimed at overhauling Australia's corporate bond market. The report makes 12 recommendations to support the development of a more active corporate bond market in ...

Industry slams Future Fund disclosure exemption

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... operating on a global scale - forced to disclose exact values of directly held assets. The Investment Funds Legislation Amendment Bill 2021 amends the Freedom of Information Act to provide a partial exemption for documents handled by the Future Fund ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position ...