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Showing 1161 - 1170 of 2024 results for "Legislation"

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... changes by regulation. It is unclear what the urgency is," he added. Read all Financial Standard coverage of the FoFA legislation here

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... regulation to ban commissions," Brogden noted. Asked about the difficulties that the Coalition might find to pass the legislation through the Senate, Brogden said that the ban on commissions "giver the opposition a moment of thought to rethink their ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... advice "is not and never has been designed to bring back commissions for financial advisers," the government said. Both legislation and regulations will provide an explicit prohibition on commissions and trail commissions for the sale of financial products ...

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
... favour of a simple distinction between sales information and personal advice." "What needs to be done is to make the legislation perfectly clear on this issue instead of trying to clarify its operation through the explanatory statements accompanying ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... "will include a considered response to the recommendations made by the Senate Economics Committee in relation to the legislation currently before Parliament." Cormann's move is the next step for the amended FoFA legislation after the Senate Committee ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal legislation, nor the Senate Economics Committee report." Contrary to Labor and the Greens, Xenophon did not table a dissenting report ...

Parliament passes temporary tax levy

AAP  |  TUESDAY, 17 JUN 2014
... Ian Macdonald and Cory Bernardi, who opposed the measure, were not required to take a formal position because the legislation passed the upper house on the voices on Tuesday.

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor and the ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... However, it admitted that for scaled advice, the adviser does not need to satisfy the full requirements and asked for the legislation to include a "modified best interests' duty for certain advice providers who provide advice on basic banking products ...

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... (FoFA) inquiry later today. The report will allow the government to form a final opinion on the amendments to the FoFA legislation, which have been subject to a heated debate for the past few months. After that, the government is due to present the reform ...