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Showing 1211 - 1220 of 1832 results for "Bill 2014"

Govt releases final issue of investment manager regime

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Australia's $1.8 trillion funds management sector has received its third and final investment manager regime from the Government, designed to attract more foreign capital and help build Australia's reputation as a financial services centre. Under the ...

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
ASIC will release regulatory guidance on best interest duty, scaled advice, conflicted remuneration and ASIC powers before July 1 2012, the regulator said today. The Australian Securities and Investments Commission (ASIC) has released its regulatory ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
Superannuation industry bodies have until January 13 to make submissions on the second tranche of the government's Stronger Super legislation, unveiled late yesterday. The latest exposure draft follows the introduction of the first part of the Superannuation ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
The new Industrial Relations and Financial Services Minister Bill Shorten said he's delighted his new promotion to Cabinet. Yesterday's reshuffle by the Prime Minister sees Shorten elevated to a senior ministerial position for the first time, while ...

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Assistant Treasurer Bill Shorten has released details of the new superannuation trustee requirements around the delivery of intra-fund advice, today revealing certain advice areas excluded from the service. While intra-fund advice will cover any general ...

AMP enhances super products

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
AMP has changed its contemporary super products to the new short form Product Disclosure Statement (PDS) regime ahead of the government's deadline next year. It follows Financial Services Minister Bill Shorten's announcement earlier this year that PDS ...

PJC: Government needs to re-think payday reforms

RACHEL DAVIS  |  MONDAY, 5 DEC 2011
The Government's proposed reforms aimed at tightening controls over payday lenders need to be reassessed, the Joint Committee on Corporations and Financial Services has found. On 22 September 2011, the House of Representatives referred the Consumer ...

PM: Labor taking reform road on super

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
Prime Minister Julia Gillard told attendees at the Labour Union Co-operative Retirement Fund (LUCRF) community partnership trust launch in Sydney on Friday that the rise in the SG and abolition of the age cap would change peoples' futures. Pointing ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Market Wrap

AAP  |  WEDNESDAY, 30 NOV 2011
The Australian share market had moved into positive territory by noon as bank shares recovered from a weak opening. At 1220 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 11.6 points, or 0.28 per cent, at 4,113.7, while the broader All Ordinaries ...