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

Search Results

Showing 1331 - 1340 of 2025 results for "Legislation"

Coalition vow to leave SMSFs alone

MARK SMITH  |  FRIDAY, 12 APR 2013
... Assistant Treasurer Mathias Cormann has confirmed that the Coalition would aim to leave self-managed super fund (SMSF) legislation alone if they won the next election. Addressing an audience of SMSF advisers, accountants and auditors at the CPA's annual ...

Over regulation delays global recovery

MARK SMITH  |  MONDAY, 8 APR 2013
... fixing scandal, money laundering, tax avoidance and product mis-selling have reinforced the view that significant legislation is required to ensure the trust of the public. However, the report warns that, historically, post-crisis regulation tends to ...

Low balance members hit with fees under super changes

ALICE URIBE  |  MONDAY, 8 APR 2013
... new systems in place may not be enough for some funds. "It will be very hard to administer and comply with this new legislation," he said. One particular issue that planners may face is the three-tiered grandfathering of assets in super. "There are three ...

AMP SMSF appoints Burgess as new policy head

MARK SMITH  |  WEDNESDAY, 3 APR 2013
... appointed Peter Burgess to the new role of head of policy and technical. Burgess will be responsible for interpreting SMSF legislation to help with the development of SMSF advice as well as technical support for AMP's aligned planner network. He will ...

Extension looks likely for adviser tax advice changes

ALICE URIBE  |  WEDNESDAY, 27 MAR 2013
... obligations, the definition of an "adviser" and education requirements for planners. "The real issue is that this piece of legislation is that it's forcing financial planners to comply with a new regime and to be subject to legislation which is new to ...

Active management a 2% tax drag

MARK SMITH  |  WEDNESDAY, 27 MAR 2013
... tax inefficiencies that can drag portfolios by as much as 2%, according to global asset manager Parametric. Recent legislation requiring superannuation funds have an after-tax investment objective for MySuper products has increased the focus on the impact ...

Product dashboards critical to MySuper

LAURA MILLAN  |  FRIDAY, 22 MAR 2013
Online product dashboard provisions under MySuper legislation will be critical to defining how MySuper will work in practice. According to the project director of the Australian Institute of Superannuation Trustees (AIST) David Haynes, the product dashboard ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
Draft legislation rules for self managed super funds on related party transactions has alarmed industry association SPAA, which claims the provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
... move, the government has today tabled a bill that will enshrine the term "financial planner/adviser" into law. The legislation, introduced by the Minister for Financial Services and Superannuation Bill Shorten aims to enhance protections for Australian ...

ICI chief blasts US transaction tax legislation

ALEX DUNNIN  |  THURSDAY, 7 MAR 2013
US Investment Company Institute (ICI) chief executive, Paul Schott Stevens, has blasted proposals for a transactions tax saying it's bad policy that will cost investors dearly. "A financial transaction tax is bad policy that substantially reduces the ...