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Showing 1251 - 1260 of 2024 results for "Legislation"

Government to discuss alternative funding for LISC

MARK SMITH  |  THURSDAY, 28 NOV 2013
... enter into discussion with the government to find alternative sources of revenue. Liberal Senator and Senate Economics Legislation Committee chair responded: "I am quite sure that the government would be very happy to hear those conversations. We have ...

The Trust Company makes key super appointments

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... shareholders voted in favour of the Perpetual buyout offer. The new appointments are an answer to the Stronger Super legislation changes to trustee governance and resourcing. The company has appointed Richard Grant and Mervyn Silverstein as trustee partnership ...

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
... practices have stalled due to uncertainty around the grandfathering provision of the Future of Financial Advice (FoFA) legislation. Radar Results data shows that sales of practices specialising in corporate super have fallen again, whereas the number ...

Parliament to address large financial services agenda

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
... Repeal and Other Measures Bill 2013, which plans to repeal Labor's low income superannuation contribution (LISC). The legislation that increased compulsory super guarantee contributions from 9.25% to 12% will be delayed. Under the new plans, the SG will ...

Industry leaders urge Abbott to keep super rebate

MARK SMITH  |  TUESDAY, 12 NOV 2013
... mining tax, Tony Abbott and his government recently announced it would scrap the rebate, which is tied up in the same legislation and worth up to $500 to workers earning less than $37,000. If the LISC is withdrawn these workers will receive no tax break ...

Government to amend FoFA by the end of year

LAURA MILLAN  |  FRIDAY, 8 NOV 2013

WA Local Government Super rebrands, gets MySuper

JAMES FERNYHOUGH  |  TUESDAY, 5 NOV 2013
... the local government sector. WA Super was able to open its doors to non-government employees thanks to a change in legislation, and it will use this opportunity to try and net the members of Western Australian funds that do not have MySuper licences ...

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
... Scheme. Details of the government's plan to stall the lift in the superannuation guarantee (SG) were contained in draft legislation to repeal the Minerals Resource Rent Tax (MRRT). Under the new plans, the SG will rise from the current 9.25% to 9.5% ...

Grandfathering pushes self-licensing

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
... support." Fuchs added that advisers should also look at "ideology, culture and passion around independence." The current legislation around grandfathering states that if an existing advice arrangement is changed after July 1, 2013, the benefits can continue ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
... between the release of the Ripoll recommendations and the implementation of FoFA, something went wrong. The resulting legislation is unnecessarily complex and imposes a significant regulatory burden on the industry," Sinodinos continued. In going some ...