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Showing 111 - 120 of 732 results for "Amendment"

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Delivering Better Financial Outcomes package of reforms and is open for consultation until December 6. Treasury Laws Amendment (2024 Measures No. 1) Bill 2024 details 11 out of the 22 Quality of Advice Review (QAR) recommendations in which Treasury said ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
ASIC is proposing to extend the temporary relief for superannuation trustees' disclosure and reporting consistency obligations for two years. ASIC is seeking feedback on the potential extension, including whether the current arrangement is operating ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... registered tax agent and/or meets the education and training requirements. The update follows the passage of Treasury Laws Amendment (2023 Measures No. 3) Act 2023, which contains the recognition of veteran financial advisers' experience and addresses ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
The government is progressing legislative amendments to the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... report advocates for the removal of the 17% tax on superannuation death benefits directed to charities and calls for an amendment to legislation whereby charities could be a direct recipient of a death benefit nomination. Impact Economics and Policy ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... from October 20 and is part of ASIC's amendments to licensees' obligations under ASIC Corporations and Credit (Amendment) Instrument 2023/589. Licensees now have a longer timeframe from "when they first know that, or are reckless with respect ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
AIA Australia's retail insurance division has a new structure, with underwriting, new business administration, and distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing ...

APRA moves to unmask super funds' spending secrets

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
APRA is advancing proposals to enhance transparency in how superannuation funds spend and invest members' money. The prudential regulator is proposing to publish total expenses for the industry by category and by internal, related outsourced and ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... previously reported by Financial Standard, the proposed changes are housed under two draft legislations - Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023 and Superannuation (Better Targeted Superannuation Concessions) Imposition ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... previously reported by Financial Standard, the proposed changes are housed under two draft legislations - Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023 and Superannuation (Better Targeted Superannuation Concessions) Imposition ...