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Showing 1281 - 1290 of 2024 results for "Legislation"

Centrepoint spent $4.9 million in client claims

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... compliance concerns and audit functions. Centrepoint also spent $586,000 to implement the Future of Financial Advice (FoFA) legislation, as well as $426,000 on terminations of executive staff. Centrepoint-owned PIS has experienced a fall of adviser numbers ...

Grandfathering uncertainty already affecting businesses

LAURA MILLAN  |  MONDAY, 22 JUL 2013
... within the new Future of Financial Advice (FoFA) regulations with planners hesitant to change licensees until the legislation is clearer. Synchron Group director John Prossor expressed concern over the uncertainty around grandfathering and said that ...

FPA outlines concerns on TASA submission to Treasury

LAURA MILLAN  |  MONDAY, 22 JUL 2013
... become registered tax agents by July 1, 2014. The FPA asked for more clarity on the definition of advice in the TASA legislation as "the Corporations Act defines personal advice, general advice, and factual information but the TASA definition of tax ...

Perth broker gets 3 year ban for falsifying documents

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... external compliance consultant to undertake reviews of the licensee's and its representatives' compliance with the credit legislation and to make regular reports to ASIC.

Accountants push for debate on FoFA changes

LAURA MILLAN  |  THURSDAY, 11 JUL 2013
... has asked for "further exploration" of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) legislation. The IPA said that it needs more detail on the amendments in order to make an assessment of the impact that any regulatory ...

Self-education cap to harm senior workers

LAURA MILLAN  |  THURSDAY, 11 JUL 2013
... over 50 years old in a situation of disadvantage, National Seniors Australia said. The organisation said that if the legislation comes into force on July 1, 2014, it would impose an additional barrier on people maintaining their skills and could hasten ...

Coalition confirms plans for FoFA amendments

LAURA MILLAN  |  TUESDAY, 9 JUL 2013
... the document said. "We are ready to hit the ground running and we have already drafted the 50 odd amendments to FOFA legislation necessary to give effect to our plan," the shadow Minister for Financial Services and Superannuation Mathias Cormann said. ...

Terminally ill woman questions superannuation early release laws

JAMES FERNYHOUGH  |  MONDAY, 8 JUL 2013
... years to live. Penny said she wanted to spend her last years with her family rather than working. However, federal legislation will only allow early release of superannuation on the grounds of terminal illness if the member has been given less than a ...

Corporate super advisers see revenue decline under FoFA

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
... services paid for by the super fund, a combination that is considered to be 'conflicted remuneration' under the FoFA legislation. Super Advice Services is one of the advice practices affected by the legislation and its managing director and founder James ...

IPA issues FoFA aligned draft standard

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
... (APESB). The draft of the Pronouncement of the Board of Directors is aligned with the Future of Financial Advice (FoFA) legislation and it has additional components to APES 230. The IPA asks its members to adhere to its Code of Ethics for Professional ...