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Showing 1271 - 1280 of 2024 results for "Legislation"

Bowen and Cormann at odds over adviser enshrinement

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
... Superannuation Mathias Cormann. "An important priority for a re-elected Rudd Labor Government will be to ensure that legislation to enshrine the term financial planner is passed through the parliament as rapidly as possible," Bowen said. However, Cormann ...

Abbott's PPL scheme to hit Australia's charities

ALICE URIBE  |  FRIDAY, 23 AUG 2013
... size of our superannuation savings, but that needs to be balanced against the need for certainty, so that means that legislation for superannuation will be dealt with on an intergenerational level not in the budget cycle and I think that's a key difference." ...

Election result to shape the industry: FPA

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... September 7 election as a challenge and said that it will be pushing for changes in the Future of Financial Advice (FoFA) legislation and more clarity on the Tax Agent Services Act (TASA) 2009. "Moving super aside for a moment, the question if Labor ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... that before the Trio Fraud was unveiled it had made over a hundred recommendations to the Parliament to change the legislation. "ASIC said that the system that the Australian system based on gatekeepers and self-reporting failed to cope with this attack," ...

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... 2009 (National Credit Act) applied. The diamond contracts were devised with the intention of avoiding consumer credit legislation, in particular the 48% per annum interest rate cap that previously applied in Queensland. ASIC claims the FAF companies ...

CommInsure enhances adviser flexibility of life product

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... outside of super. The launching of the new feature is in line with the start of the Future of Financial Advice (FoFA) legislation. "With FoFA, it is vital that an adviser is acting in a client's best interest and we have designed these enhancements with ...

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
... deadline. Even if there is a change in government at the 7 September election it is unlikely any changes to the MySuper legislation could be put in place in time to avoid employers having to change default funds for millions of impacted employees.

Labor promises five-year freeze on super tax

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
... should they be re-elected, Treasurer Chris Bowen has announced. Bowen said this promise, which will be enshrined in legislation should Labor win the imminent federal election, will remove superannuation from the political cycle, a move he said was vital ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... dealership for life, consultancy firm Radar Results said. Industry bodies are already lobbying for changes on the legislation, which at the moment states that if an existing advice arrangement is changed after 1 July 2013, the benefits can continue to ...

SMSFs lose majority of cases against ATO

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... of reasons for that," Hughes said. "One is that the cards are very much stacked in the commissioner's favour. The legislation is very much designed to promote the commissioner being correct when he raises an assessment and exercises a discretion." But ...