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Showing 1091 - 1100 of 2023 results for "Legislation"

Revised legislation to ease foreign access to local managers

LAURA MILLAN  |  FRIDAY, 13 MAR 2015
The government's revised Investment Manager Regime (IMR) draft legislation contemplates removing tax impediments that traditionally have deterred foreign entities from using Australian fund managers. "The revised IMR legislation will provide foreign ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... structural changes to superannuation competition and governance arrangements. The last four are likely to produce legislation this calendar year. In late January, the Assistant Treasurer made it clear that superannuation competition and governance reforms ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
... fairer". Under the former regime, taxpayers could pay up to 94% on excess non-concessional contributions. The new legislation allows superannuation fund members to withdraw the non-concessional contributions that exceed the non-concessional cap from ...

Advice M&A activity set to soar in 2015

LAURA MILLAN  |  MONDAY, 9 MAR 2015
... Prendeville noted that two years of regulatory uncertainty around the final outcome of the Future of Financial Advice (FoFA) legislation had led the market into an "artificial freeze." During 2014, "supply or absence of sellers was at unprecedented levels," ...

Employers must do more to promote ethical culture

MARK SMITH  |  THURSDAY, 5 MAR 2015
Legislation will not be enough to promote an ethical financial services industry which engenders trust, according to CFA Institute. CFA Society president Anthony Serhan said while reforms such as Future of Financial Advice (FoFA) have improved transparency ...

US fiduciary reforms will rock pension funds

ALEX DUNNIN  |  THURSDAY, 5 MAR 2015
... by the US Department of Labor (DOL) in its authority overseeing occupational retirement funds subject to the ERISA legislation. Lisa Bleier, managing director for public policy and advocacy at the Securities Industry and Financial Markets Association ...

ECT reforms pass Senate

STAFF WRITER  |  THURSDAY, 5 MAR 2015
... passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the time, but it went too ...

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
In his opening statement to the Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using ...

SMSFs attract too much criticism

MARK SMITH  |  THURSDAY, 19 FEB 2015
... towering peak. "So few funds use LRBAs," Burgess said. "The effect is immaterial. Any problems should be addressed with legislation, and the effects measured before we scrap them off hand." Burgess acknowledged that governance breaches arising from trustees ...

Corporate super adviser body beefs up to face challenges

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
The Corporate Super Specialist Alliance (CSSA) has appointed its first salaried chief executive to lead the way for embattled corporate super financial advisers. Former CSSA president Douglas Latto will take up the position of chief executive officer ...