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Showing 1281 - 1290 of 3918 results for "law"

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... after the company failed to lodge its audited financial accounts from 2017 to 2019. The regulator said AFSLs are required by law to prepare and lodge a profit and loss statement, balance sheet and an auditor's report annually. "Licensees must do this ...

AustralianSuper bolsters leadership

HARRISON WORLEY  |  MONDAY, 1 JUN 2020
... senior adviser to then Prime Minister Kevin Rudd in 2009. Adams, a former practising solicitor specialising in employment law, also served as a workplace relations adviser to Julia Gillard both during her time as deputy leader of the opposition and as ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
Australia's reluctance to adopt employee share schemes will be the subject of a public enquiry, with the aim of breathing new life into such schemes. The Standing Committee on Tax and Revenue will inquire into and report on the tax treatment of employee ...

ASIC takes action on two AFSLs

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
... ASIC said. "Forex Plus has also failed to lodge its audited accounts for a number of years." ASIC said AFSLs are required by law to lodge their audited accounts annually to demonstrate that they have adequate resources to provide the services covered ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... not been financially effected," Morelli said. "The ATO has said released documentation explicitly saying that is against the law and they are looking for that." Morelli said the SMSFA has been as clear as possible in its communications that trustees ...

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
... requires both funds to agree the merger will provide transferring members with equivalent rights - those they're entitled to by law - and that it's in their best interests. Carmody advised trustees against taking an overly narrow view of the legislation ...

Hong Kong financial hub status at risk

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
US Secretary of State, Mike Pompeo, has issued a stern warning to Beijing, threatening the status of Hong Kong as one of the world's biggest financial hubs. In response to the Hong Kong protests, Pompeo said Hong Kong is no long autonomous from mainland ...

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
Household Capital has announced it has added two new roles to its executive team including chief operating operator and chief credit officer. Luke Rattigan has been appointed to the newly created role of chief operating officer, with a primary focus ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test. Breaching ...