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Showing 1171 - 1180 of 2024 results for "Legislation"

High earners to pay more tax soon

AAP  |  MONDAY, 16 JUN 2014
... measure made its way to the Senate on Monday where it will pass with the support of Labor. The government wants its legislation passed in the next fortnight of sittings so the tax increase can apply from July 1. The top tax rate, which applies to any ...

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
... Party and a handful of fringe party senators will be critical to the approval of the Future of Financial Advice (FoFA) legislation. The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have begun to lobby the senators ...

ASIC asks FSI for more flexible toolkit

MARK SMITH  |  WEDNESDAY, 4 JUN 2014
... retirement savings during the retirement phase. The regulator also wants a review of penalties under ASIC-administered legislation to ensure they provide the right incentives for better market behaviour, and a user-pays funding model for ASIC that better ...

New FoFA will not bring back old commissions: FactCheck

STAFF WRITER  |  MONDAY, 2 JUN 2014
Changes to the Future of Financial Advice (FoFA) legislation will not bring back old-style commissions, ABC's FactCheck program said, contradicting shadow Treasurer Chris Bowen. FactCheck analysed Bowen's statement that changes to FoFA will bring back ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
... Australian Bankers' Association (ABA) said that the industry supports the original Future of Financial Advice (FoFA) legislation, which focused largely on consumer protection. The ABA came out shortly after Industry Super Australia (ISA) accused banks ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. The plan outlines the FPA's position in several policy matters regarding financial advice, including enshrining the term ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... appeared yesterday at the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. "It is hypocritical to suggest that commissions should be banned under FoFa, including for general advice or information ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... attached to 'general', and also with embedding commissions into individual products," Rantall said. He said that the legislation's proposal to exempt general advice from the ban on commissions was "an anomaly that could have been fixed." The proposed ...

FPA campaigns for a separation of product and advice

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... promotes the inclusion of SoPA -or separation of product and advice- into FoFA -or the Future of Financial Advice legislation. The FPA issued the statement less than a month before the government announces the final form of FoFA, on June 17. "We are ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... that could allow them to maintain a business model that has been banned under the Future of Financial Advice (FoFA) legislation. The loophole, as described by Commonwealth Bank of Australia and the Corporate Super Specialist Alliance (CSSA), would get ...