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Showing 91 - 100 of 1270 results for "Federal government"

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... schemes that hold real property, the fact that they are subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The ...

Treasury to 'modernise' individual tax residency rules

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... rules with a two-pronged approach and has opened up the changes for consultation. Under the new regime, the federal government intends to modernise and simplify the rules following a review from the Board of Taxation in 2017 and align Australia with ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
The federal government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... scheme in 2017, said the scheme should be scalable to include other financial products. Once in operation, the federal government should consider whether the scheme needs to be expanded to other industries, including managed investment schemes," Kirkland ...

Government pledges $2bn to fast-track social housing

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... Housing Australia Future Fund - the single biggest investment in social and affordable rental housing by a federal government in more than a decade." Of note, NSW will take the lion's share of the funding ($610 million) followed by Victoria ($496 million) ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
High-profile Australian financial services leaders have been recognised in the King's Birthday honours list, with several receiving an Order of Australia. This year, former Macquarie managing director and Financial Regulator Assessment Authority ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...