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Showing 1321 - 1330 of 1807 results for "Bill 2013"

Super cap breach stings 65,000

ALISON BEVEGE  |  FRIDAY, 4 MAR 2011
More than 65,000 Australians have breached their concessional superannuation contribution cap leading to excess tax on their retirement funds, according to Government figures. In a response to a Senate question by Shadow Assistant Treasurer Mathias ...

Australian Unity issues $80m debt

ALISON BEVEGE  |  FRIDAY, 4 MAR 2011
Australian Unity has issued $80 million worth of new bonds to raise capital. The five-year debt securities will be listed on the Australian Securities Exchange (ASX), with an issue price and face value of $100 each, the company said. The offer is expected ...

Coalition introduces bill to abolish SG age limit

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2011
The Coalition opposition is again testing its power on the floor of the hung parliament by introducing a bill to abolish the superannuation guarantee age limit. The government only wants to increase the SG age limit to 75 from its current level of 70 ...

PC recommends social insurance shake-up

ALEX DUNNIN  |  TUESDAY, 1 MAR 2011
The Productivity Commission has defied its critics and recommended Australia establish twin social no-fault insurance schemes in what is potentially the biggest recasting of the nation's health, welfare and insurance sectors in decades. The recommendations ...

SMSFs a blueprint for future super

MICHELLE BALTAZAR  |  FRIDAY, 25 FEB 2011
From Better Super to Stronger Super and now future super, the Gillard Government endorsed self-managed super funds (SMSFs) as a model for retirement savings in the years to come. Speaking last night at the Self-Managed Super Fund Professionals' Association ...

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
The Association of Financial Advisers (AFA) has called on Federal Finance Minister Bill Shorten to consider the impact of proposed financial reforms on life insurance levels. Richard Klipin, chief executive, AFA, said research had shown that if adviser ...

AUI signs up fixed income veteran

MATT WOODINGTON  |  MONDAY, 21 FEB 2011
Australian Unity Investments (AUI) has created a new fixed income team through a joint venture with experienced fund manager Bill Bovingdon. Former Aberdeen CEO Bovingdon set up a boutique funds management business called Altius Asset Management, focusing ...

ASIC retains key role as fin planning regulator: Shorten

ELISE BURGESS  |  FRIDAY, 11 FEB 2011
The Australian Securities and Investments Commission (ASIC) will retain its role as sole regulator for the financial planning industry but will work with the Tax Practitioners Board (TPB) to maintain standards in tax advice. The Treasury released its ...

US reforms open doors for tax-savvy advice

MATT WOODINGTON  |  WEDNESDAY, 9 FEB 2011
Financial planners in the US have welcomed proposed reforms that will call to an end a government ruling that stops them from recommending certain tax strategies. The planning industry welcomed the decision of the US Senate Committee on the Judiciary ...

Treasury targets $18.8bn in lost super

ELISE BURGESS  |  MONDAY, 7 FEB 2011
Draft legislation released by the Treasury on Friday has called for submissions regarding the use of tax file numbers (TFNs) on superannuation funds, a motion receiving mixed responses from the industry. The draft proposes to assign TFNs to identify ...