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Showing 101 - 110 of 2018 results for "Legislation"

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA | TUESDAY, 25 FEB 2025

... we see it is necessary," he said. An ASX spokesperson said: "We support the Competition in Clearing and Settlement legislation which came into effect in May 2024. Our view is that the legislation is a logical step in ensuring the regulatory framework ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON | WEDNESDAY, 12 FEB 2025

... the Australian Human Rights Commission. "Genetic research is constantly evolving. The consultation is to ensure this legislation captures the intent of the government's decision and does not have unintended consequences," minister for financial services ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN | TUESDAY, 11 FEB 2025

Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA | TUESDAY, 11 FEB 2025

Assistant treasurer Stephen Jones said Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms remains a priority before he bows out of politics but fell short of confirming when the draft bill will see the light of day. Jones told a recent ...

One more vote needed for $3m super tax

MATTHEW WAI | THURSDAY, 6 FEB 2025

... Nicholas Ali said it has appeared that the government has failed to secure the key figure to pass the "controversial legislation". "The government needs 39 votes in the 76-seat upper chamber to pass the controversial legislation. It can count on the ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN | THURSDAY, 30 JAN 2025

... improve access to more affordable and accessible financial advice, and enshrining the objective of superannuation into legislation. "Minister Jones has been a true partner to the superannuation community, always willing to roll up his sleeves and engage ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI | THURSDAY, 16 JAN 2025

... over four years beforehand: well before the extent of the failings at Dixon Advisory were known and well before the legislation for the CSLR was considered by parliament," Abood said. "This is deeply disappointing. We are calling for the government to ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN | MONDAY, 13 JAN 2025

... where required minimum distributions must commence at age 73. Mercer also recommended that the government introduce legislation to simplify and strengthen the transition from accumulation to the retirement phase and so provide better outcomes for older ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN | THURSDAY, 19 DEC 2024

... fortnightly super contributions. Notably, Treasurer Jim Chalmers has also announced that the government will also introduce legislation to recalibrate penalty and charges, incentivising employers to promptly rectify missed payments, with more severe ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN | FRIDAY, 13 DEC 2024

... "disappointed with the outcome of this case." "... we believe this case highlights the urgent need for bespoke crypto legislation to address the shortcomings that are causing confusion and uncertainty for Australian crypto investors and businesses," ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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