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Showing 1121 - 1130 of 2024 results for "Legislation"

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... from today, after the Senate voted to disallow the government's amendments last night. The reversion to the original legislation took effect as soon as the amendments, which were made by a disallowable legislative instrument, were voted down. From a ...

FPA Congress begins amid FoFA unrest

ALICE URIBE  |  THURSDAY, 20 NOV 2014
... morning, in the wake of the Senate's disallowance of the government's changes to the Future of Financial Advice (FoFA) legislation. "Our professional body has been facing a test of character," former FPA chair Matthew Rowe told advisers at the opening ...

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
... morning that the government had until 30 June 2015 to pursue its controversial financial advice reforms. "We have legislation in front of the Parliament, substantive legislation in front of the Senate. Two Senate inquiries have inquired into those laws ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into breach of law. The motion is supported by a Senate majority of 25 ...

The Future Fund is not a super fund: Costello

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... help fund Australia's ageing population, Costello said it could be used for other things. "The government could by legislation draw money out of the Future Fund for any purpose," he said. The Future Fund's lack of members, as well as the fact that it ...

Sally Loane new CEO of the Financial Services Council

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... experience will be critical as financial services moves from an era of the most significant changes in regulation and legislation in its history to its next phase of being an export and growth industry for Australia." Loane said, "Financial services ...

Shareholder primacy a myth: Governance Institute

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
... the corporation", and "for a proper purpose." The Governance Institute said: "It is important to clarify that the legislation does not state that directors and other officers must exercise their powers and discharge their duties in the best interests ...

AFA to lobby for MySuper opt in arrangement

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
... 'sign this letter and we will move you'," Fox said. "I can't say if the change has to be through regulation or through legislation," he said, when asked if the proposal would involve changing the law. He also asked that super funds to inform their members ...

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... that the issues raised are of deep concern," he added. Bowen said that Labor will be drafting new financial advice legislation, which will be part of the party's program for the next Federal election. "The policy will be underpinned by the principles ...

Tax cap reform bill released

ALEX DUNNIN  |  TUESDAY, 14 OCT 2014
The government has released for public comment its draft legislation regarding its budget measure to address what it says are inadvertent breaches of the contribution caps. In a statement accompanying release of the bills and explanatory memorandum ...