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Showing 91 - 100 of 750 results for "Amendment"

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... treasurer Rita Saffioti first flagged the changes in November 2023. As a further change, the government is also seeking an amendment that would allow GESB members who have left the public sector to continue making contributions to their GESB account. ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which received Royal Assent earlier this week, aims to ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment (Self-managed superannuation funds-legacy retirement product conversions and reserves) Regulations 2024, released yesterday ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of 2023, which addresses the nation's concerns on preservations and access to retirement funds. The Bill introduces ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... streamlined, better equipping the regulators to manage risks," Chalmers said. Chalmers previously said that the Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill contains a range of supporting powers to ensure that the ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... Paid Parental Leave was tabled today, with the super industry calling for its swift passage. The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 is to be introduced into parliament today by social services ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... this legislation in limbo creates even more uncertainty." Spender, the Member for Wentworth, will also introduce an amendment to allow the deferral of payment for taxpayers who might otherwise be forced to sell their illiquid assets. "We need to have ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
ASIC is set to extend three legislative instruments for five years, one of which relates to record keeping for financial advisers. The instruments are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... APRA-regulated entities, their directors, and most senior executives. As part of the new update, ASIC and APRA have released an amendment to the regulator rules, which prescribes the key functions information for inclusion in the FAR register of accountable ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial advisers and improve ...