Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 2018 results for "Legislation"

Anne Fuchs takes on new role at ART

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... she has been heavily involved on ART's behalf in contributing ideas to the Delivering Better Financial Outcomes legislation and looks forward to working with governments on policies in the future that help support better financial outcomes for working ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... retirement savings. The government has committed to introducing a payday super scheme, however, the SMC said that "legislation must be passed to make it a reality." It called for the full and timely implementation of payday super, alongside strengthened ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... "Customers are calling for it, and organisations will be able to meet consumer needs through evolving business models. Once legislation is finalised, this will benefit all Australians."

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... has helped to shape the reforms and build a consensus for this package. The government is developing exposure draft legislation for public consultation based on these announced parameters." Association of Superannuation Funds of Australia chief executive ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... public sector workers who have super accounts with GESB. While the implementation date is yet to be confirmed, the new legislation enables existing GESB members to continue to direct their superannuation payments to the fund if they leave the public ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... next federal election, in which case, the Division 296 Bill is dead, as the Coalition have stated they oppose such legislation," Ali said. Although it passed the lower house in October, the bill has lacked support in the Senate. "The government does ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation is "to preserve savings ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... consultations with Treasury, this has evolved to the term "new class of advisers" before an official name is cemented in legislation. The FAAA is pushing for the words 'planner' or 'adviser' to not appear in the title. "We have high standards. We don't ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... for future tax reform." Neo Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the taxation on some super members. "The Division 296 super tax is hugely unpopular, not simply because it increases ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... to pay an SG charge. In September, the government outlined further details it plans to include in the payday super legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. This includes increasing ...