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Showing 1221 - 1230 of 2024 results for "Legislation"

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
Aged care is likely to get more expensive from July 1, 2014, with the introduction of legislation that will calculate fees through assets and income, rather than income alone. "Each case is different and you need to look at the individual circumstances ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold Bloch Leibler has said. The legal advice was sought out by Industry Super Australia (ISA), which has been ...

AIST adopts middle ground on board structure

JAMES FERNYHOUGH  |  THURSDAY, 13 FEB 2014
... one independent director. "AIST supports greater flexibility at law around this restriction and recommends that the Legislation be amended to allow equal representation boards to appoint up to a third of their number from outside of the representative ...

US Congress votes to raise debt ceiling

ALEX DUNNIN  |  THURSDAY, 13 FEB 2014
... 221 to 201 after an estimated 30 Republicans reversed their normal tactic of strongly opposing Democrat sponsored legislation to increase the debt ceiling unless President Barack Obama agreed to major budget cuts. The change in the GOP tactics came after ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... nothing to fear from the proposed amendments" that will remove a sub-section of the Future of Financial Advice (FoFA) legislation referring to the best interest duty. "We are witnessing an extraordinary effort by product providers and those who represent ...

PROFILE: Assistant Treasurer Arthur Sinodinos

ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
... to see a problem and say 'let's do something about it.' I think under the previous government, some major pieces of legislation got through without adequate screening particularly on the regulatory side and I think you've got to balance the cost and ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
The government's proposed changes to the Future of Financial Advice (FoFA) reforms must be debated as legislation in Parliament, according to Industry Super Australia (ISA) chair and former NSW Liberal leader Peter Collins. The government is currently ...

AFA to lobby on FoFA through grassroots campaign

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... local representative on the organisation's position around the amendments to the Future of Financial Advice (FoFA) legislation. "We are calling on our members to support our advocacy work in representing them by asking them to engage personally with ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
... paths SMSFs can pursue include personal Indemnity schemes such as the Financial Ombudsman and the banking and credit legislation.

FoFA amendments could bring back commissions: FPA

JAMES FERNYHOUGH  |  FRIDAY, 7 FEB 2014
... Speaking at the Financial Advice in Super Symposium in Melbourne today, Rantall singled out the part of the proposed legislation that soften the ban on conflicted remuneration. While the amendments do not mention commissions explicitly, Rantall said ...