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Showing 111 - 120 of 1201 results for "Parliament"

Legislation introduced to create Queensland mega fund

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was tabled in Queensland's parliament last week which, if passed, would pave the way for Sunsuper and QSuper's merger. On September 1, Queensland treasurer and minister for investment ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... the next two years to deal with the impacts of COVID-19 and further regulatory reforms making their way through the Parliament, including the introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," Frydenberg and Hume said. ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... bringing Australia into line with global best practice," Hume said. The Your Future, Your Super reforms passed the parliament on June 17. Hume said the reforms will ensure the superannuation system works harder for all Australians, saving workers $17.9 ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... be included, alongside government funds which have yet to face scrutiny from the committee. "I have made it clear in parliament that I have my reservations about that constant consolidation. It doesn't change the fact that if you have greater consolidation ...

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... year's administration fees instead of eight years' average in the APRA performance test. The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... letters that failing funds must send to their members, according to Industry Super Australia (ISA). The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives on August 4. It brings to life Recommendation 2.10 from the Hayne ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch ...