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Showing 121 - 130 of 732 results for "Amendment"

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... level of disclosure is broadly consistent with what is required of superannuation funds as set out in the Corporations Amendment (Portfolio Holdings Disclosure) Regulations 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. ...

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... less than $3 million will be taxed at 15%. The proposed changes housed under two draft legislations - Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023 and Superannuation (Better Targeted Superannuation Concessions) Imposition ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... "modernised" by removing limitations that were a barrier to regulators acting in response to PwC's breach of confidence. The amendment will also enable the ATO and TPB to refer ethical misconduct by advisers, including but not limited to confidentiality ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... obligations and how they should register their relevant providers. Given that the requirements are embedded in Treasury Laws Amendment (2023 Measures No. 1) Bill, which is still before parliament, ASIC flagged this as another reason for the extension. ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... from undertaking further qualifications has passed both houses of parliament. The Labor government passed Treasury Laws Amendment (2023 Measures No. 3) Bill 2023 on September 6 in a bid to stem the exodus of experienced advisers. The new law recognises ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... new licensing exemptions to foreign financial services providers. Treasury has opened consultation on Treasury Laws Amendment (Measures for Future Bills) Bill 2023: Licensing Exemptions for Foreign Financial Services Providers, amending the Corporations ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... operating within Australia, making it more difficult for them to avoid paying their "fair share" of taxes. The Treasury Laws Amendment (Making Multinationals Pay Their Fair Share-Integrity and Transparency) Bill 2023 amends Australia's thin capitalisation ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023, provides victims of financial misconduct access to redress ...