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Showing 1101 - 1110 of 2023 results for "Legislation"

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
... to end Congressional pensions and force politicians to save for their own retirement just like everyone else. The legislation, known as the End Pensions in Congress (EPIC) Act, would end pensions for all future Members of Congress as well as those currently ...

Spike in SMSF borrowing breaches

MARK SMITH  |  FRIDAY, 23 JAN 2015
... year. An SMSF is allowed to borrow in order to pay benefits, settle on investments and, as a result of changes to legislation in 2007, acquire investments via a limited recourse borrowing arrangement (LRBA). The first two borrowing options are restricted ...

Philanthropic fund establishments return to pre-GFC levels

LAURA MILLAN  |  TUESDAY, 6 JAN 2015
... started in 2014 is the highest since 2008, when 160 funds were established. The global financial crisis and changes in legislation slowed the number of PAFs established in the following years. New South Wales recorded more new PAFs than ever and is now ...

Government repeals Palmer FoFA changes

LAURA MILLAN  |  WEDNESDAY, 17 DEC 2014
... government has repealed the Palmer United Party's (PUP) proposed changes to the Future of Financial Advice (FoFA) legislation and grandfathering amendments have become law. The registration of the grandfathering provisions will see these regulations ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... FoFA land. The Coalition's win in the September 2013 Federal election was interpreted as a sign that the troubled legislation would approved, but its bid to pass changes to FoFA through regulation (instead of legislation) brought yet another round of ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
... better alternative, argued MetLife, is for Congress to pass the Insurance Capital Standards Clarification Act of 2014 legislation which is a bill that recognises these prudential differences. The bi-partisan bill was passed by the Senate on 3 June 2014 ...

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
... products' have been rendered irrelevant to new investors due to changes to market structure, government policy or legislation. Under current rules, it does not make sense for investors to switch out of these old products as they would be slugged with ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
... technical and professional standards told Financial Standard that they were initially surprised that changes to the LRBA legislation would be in the inquiry at all. "We didn't expect it to be in the inquiry and were disappointed that they haven't come ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... He said that Labor will also work with the government on issues relating to the Future of Financial Advice (FoFA) legislation in an effort to lift standards in the financial planning industry. Greens' Senator Peter Whish-Wilson said that "the Murray ...

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
The cost of issuing corporate bonds for the retail market should be reduced further by amending the simple bond legislation to make disclosure less complicated, the Inquiry into the financial system has said in its final report. In one of its 44 recommendations ...