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Showing 1211 - 1220 of 2024 results for "Legislation"

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
... Services, has disputed this, saying the member best interest test is already enshrined in the first subsection of the legislation. "Section 961B(1) of the Corporations Act provides that an adviser must act in the best interests of the client," Halsey ...

Advisers to complete 60 extra education hours under TASA

LAURA MILLAN  |  MONDAY, 10 MAR 2014
... hours of continuing professional education (CPE) in three years as part of the Tax Agent Services Act (TASA) 2009 legislation. The TPB released Exposure Draft Explanatory Paper D5/2014 on proposed CPE policy requirement for registered tax advisers, which ...

Asia Funds Passport on shaky ground

MARK SMITH  |  MONDAY, 10 MAR 2014
... reach, but he maintained that Australian expansion into Asia would go ahead in some form or another, regardless of legislation. "Asia, like many parts of the world, is not a homogenous region. It has different countries, cultures, languages and legislation ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... where it suspected illegal access was planned. The Australian Institute of Superannuation Trustees (AIST) welcomed the legislation, saying it was "not rocket science" to allow the civil and criminal prosecution of the promoters of illegal schemes. AIST ...

Providers not meeting demand for aged care products

LAURA MILLAN  |  TUESDAY, 4 MAR 2014
Product providers are being slow at providing advisers with tools adapted to the new aged care legislation coming in on July 2014. "For lots of advisers specialised in aged care, there are not enough tools and all the work around calculations is pretty ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... Senate Standing Committee on Economics whether the government would pass the FoFA amendments through regulation or via legislation. "Where it is legal, we will do it through regulation, and then we'll take it through legislation in the Parliament in ...

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
... significant proportion of the revenue has not been affected by the FoFA arrangements." Regarding the amendments to the legislation, he said that SFG Australia will "review the advice remuneration scheme, but it will not be significantly affected by the ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... (FoFA) reforms. "We need a proper parliamentary debate rather than force changes through ministerial edict and enforced legislation," Ripoll said in a presentation to the 2014 SPAA SMSF National Conference held in Brisbane today. "The proposed winding ...

Sinodinos rules out LRBA review for SMSFs

ALICE URIBE  |  WEDNESDAY, 19 FEB 2014
... that have the same market value. The Australian Taxation Office is currently seeking submissions on changes to LRBA legislation. Commenting on LRBAs, SPAA chief executive Andrea Slattery said that while she advocated for licensing, the controversy about ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
... despite some industry opposition. Sinodinos said that the aim of pushing the amendments through regulation instead of legislation is "to provide certainty to industry prior to the legislation being passed by the parliament." He made clear that "it has ...