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Showing 1111 - 1120 of 1948 results for "Proposal"

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... Bill 2014 did address the issue of conflicted remuneration in general advice. The government has maintained its initial proposal to exempt general advice from conflicted remuneration. The bill said the measure "imposes unnecessary burdens on industry ...

Calls for Sinodinos to "step aside" amid ICAC allegations

LAURA MILLAN  |  TUESDAY, 18 MAR 2014
... a further 2.5% of the share capital in the event that the government approved an AWH public private partnership (PPP) proposal. "It's quite transparent that Mr Sinodinos' true role in Australian Water Holdings was to open lines of communication with ...

Pickle wrapped in a bind

BENJAMIN ONG  |  MONDAY, 17 MAR 2014
... require the affirmative votes of nine members. A negative vote or "veto" by a permanent member prevents adoption of a proposal, even if it has received the required votes. Abstention is not regarded as a veto in most cases..." The UNSC has 15 member ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

Tax advisers in need of additional PI insurance

LAURA MILLAN  |  TUESDAY, 11 MAR 2014
... professional indemnity (PI) insurance coverage to meet the organisation's minimum requirements. The TPB outlined the proposal in Exposure Draft Explanatory Paper D6/2014 on proposed professional indemnity insurance requirements for tax financial advisers ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy proposal for tightening up the regulation of MDAs. Draft regulations were due to be released in April this year. However, ASIC ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
Treasury is considering confidential proposals to reverse rules that ban conflicted remuneration arrangements for corporate super specialist advisers, according to Douglas Latto, president of the Corporate Super Specialist Alliance (CSSA). Traditionally ...

FoFA amendments could bring back commissions: FPA

JAMES FERNYHOUGH  |  FRIDAY, 7 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could lead to a return to commissions, Financial Planning Association (FPA) chief executive Mark Rantall has warned. Speaking at the Financial Advice in Super Symposium ...

Hamilton calls for stricter SMSF licensing

MARK SMITH  |  WEDNESDAY, 5 FEB 2014
... to control the ability of promoters to spruik property to SMSFs by requiring all parties to a superannuation gearing proposal to be licenced. "The issue isn't about choosing to invest in property in a SMSF - it is an allowable investment class for superannuation. ...

FoFA reforms put professional standards at risk: Ripoll

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... said that the proposed reforms are "good news for consumers." "Clarification on the Best Interest Duty is a positive proposal which will reduce the cost of financial advice in many instances without reducing the protections built into the reforms to ...