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Showing 1141 - 1150 of 2023 results for "Legislation"

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... the duty on financial advisers to act in the best interests of the customer." "Commonwealth Bank believes the FoFA legislation is highly robust and affords significant consumer protection," the CBA submission said. It added that vertical integration ...

FSC calls for new govt agency to grow industry overseas

MARK SMITH  |  MONDAY, 1 SEP 2014
... government resource should be dedicated to focussing on international competitiveness issues with the authority to generate legislation quickly and effectively," the submission said. The FSC said the body would also need power in legislation to deal ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... House of Representatives has voted in favour of the government's amendments to the Future of Financial Advice (FoFA) legislation. The members of Parliament voted following a long debate where the Coalition outlined its position in favour of the reform ...

Government tables FoFA bill in House of Reps

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... Financial Advice (FoFA) bill into the House of Representatives, reigniting the political debate around financial planning legislation. The government's move follows the opposition's failed attempt to disallow the proposed changes in a Senate vote. A ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... past two years to implement new processes, practices and systems to respond to the Future of Financial Advice (FoFA) legislation and to the enforceable undertaking (EU) that it entered with the Australian Securities and Investments Commission (ASIC) ...

Submissions open for SuperStream pass through amendments

JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
... exercised choice to the relevant super fund. The government intends to make the changes by regulation rather than legislation. In its call for submissions from stakeholders, Treasury said: "The purpose of the Superannuation Industry (Supervision) Amendment ...

Cormann tables adviser register to "weed out bad apples"

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... by the Palmer United Party and the Australian Motoring Enthusiasts Party on the Future of Financial Advice (FoFA) legislation. Cormann also noted that the initiative follows recommendation 44 of the Senate Economics Committee inquiry into the performance ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients to re-sign ...

UK has overtaken Australia for platform innovation: Bravura

ALEX DUNNIN  |  WEDNESDAY, 16 JUL 2014
... their lives and budget on technology compliance and developing very similar systems," Stevens said. For example if legislation changes, Bravura can rapidly adjust its systems to reflect these changes and quickly roll it out to their clients. Illustrating ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... debate. Read industry reactions to the latest FoFA developments here Read all Financial Standard coverage of the FoFA legislation here