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Showing 1201 - 1210 of 1728 results for "Provisio"

MySuper tranche three clears House of Reps

BEN COLLINS  |  FRIDAY, 30 NOV 2012
Tranche three of the Government's MySuper legislation has passed with complete support through the House of Representatives, on the last sitting day for the year. Passed yesterday, the Bill contains one of the key components of the Gillard Government's ...

Draft regulation released for Accountant Exemption

BEN COLLINS  |  THURSDAY, 29 NOV 2012
Draft regulations were released yesterday by the Minister for Financial Services and Superannuation that could see accountants provide more financial advice if it passes into law. Minister Bill Shorten released the draft regulation which he said will ...

CGT relief passes Senate

BEN COLLINS  |  FRIDAY, 23 NOV 2012
Capital gains tax relief legislation for superannuation funds passed through the Senate yesterday alongside two other key pieces of reform. Unrealised gains or losses on revenue and capital assets incurred from 1 October 2011 to 1 July 2017 can now ...

Retirement solution upside for investment managers: Oliver Wyman

MARK STORY  |  FRIDAY, 16 NOV 2012
An expected doubling of post-retirement funds under management (FUM) from 8% in 2010 to 16% by 2020, represents golden opportunities for investment managers, Jacob Hook of Oliver Wyman Financial Services advised delegates at IMCA's (Investment Management ...

Reliance on improving global economy threatens big-four in 2013

MARK SMITH  |  THURSDAY, 8 NOV 2012
The annus horribilis that Australia's big-four banks expect to define 2013 could become a present reality if too much of their fortunes are hitched to an expected strengthening global economy following the re-election of US President Barrack Obama yesterday ...

ASIC seeks adviser feedback on FOFA code of conduct

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
Following on from ASIC's recent release on the approval of the Future of Financial Advice code of conduct consultation paper, the regulator is calling on further adviser feedback after flagging concerns around three key issues. Australia's corporate ...

Lonsec and Milliman challenge current advice model for retirees

LINDA HAUSKEN  |  WEDNESDAY, 31 OCT 2012
Strong catalysts and structural trends have emerged that will fundamentally alter the provision of financial advice to retirees, according to Lonsec and Milliman. In a jointly released whitepaper by the two firms, dubbed 'Herding, Denial and Zeitgeist ...

ASIC consults on code approval under FOFA

LINDA HAUSKEN  |  WEDNESDAY, 24 OCT 2012
ASIC has released its consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) regulations, outlining plans to take a facilitative approach to the implementation of the reforms. Australia's corporate ...

BoQ first Aussie bank to post loss in 20 years

MARK SMITH  |  FRIDAY, 19 OCT 2012
The losses, which were carried over from the first half of 2012 despite the bank returning to profit in the second, have been blamed on bad loans and plunging property prices in Queensland, as well as on a slowing economy. The last instance of an Australian ...

Market Wrap

AAP  |  FRIDAY, 19 OCT 2012
Stocks to watch on the Australian stock exchange at noon on Friday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down one cent, or 0.76 per cent, at $1.30 Beef producer Australian Agricultural Company (AACo) has approved the start of earthworks for an ...