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Showing 1261 - 1270 of 2383 results for "Rule"

Oil slide, CEO pay and that "income recession"

BENJAMIN ONG  |  THURSDAY, 11 DEC 2014
Oil! Oil! Oil! It's on the slide again! Just when we thought, the price of that black gold has found its footing, fresh news of higher supply and inventories and predictions of lesser demand next year took the floor from under it. While I still maintain ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
Australian financial institutions looking for ways to creatively counter regulatory overreach should look to MetLife in the US that has set up a website called The Regulation Resource Centre to enlist the help of stakeholders and facilitate positive ...

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
The government should introduce a means to allow investors in out of date products to switch to new and improved products without being whacked with capital gains tax, the Financial System Inquiry has recommended in its final report. It is estimated ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
The Murray Inquiry has recommended that government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds. It said that the government should restore the general prohibition on direct ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

ATO cold calling to test SMSF trustees

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
The Australian Taxation Office is calling self-managed super fund (SMSF) trustees to test their fund knowledge and restricting their ability to operate the fund if they fail. Legal document provider Topdocs said in a technical article that "examples ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Federal Court's ruling on a case involving two self-managed super fund (SMSF) trustees who used their fund for personal matters has highlighted the uncertainty around penalties. The fund, totaling more than $260k, was used to purchase residential ...

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH  |  TUESDAY, 2 DEC 2014
The Department of Social Services (DSS) has given its reasons for changing the way it assesses Challenger's Care Annuity, saying it had mistakenly been assessing it on the grounds that investors in the annuity could not get their capital back. However ...

Don't rule out another rate cut: AllianceBernstein

MARK SMITH  |  WEDNESDAY, 26 NOV 2014
The Reserve Bank is increasingly likely to defy consensus and cut the official cash rate in 2015, according to global asset manager AllianceBernstein. Consensus expectations of a 2015 rate rise are based on the assumption that a downturn in resources ...