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Showing 1391 - 1400 of 2025 results for "Legislation"

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
... Superannuation Funds of Australia (ASFA) and Industry Super Network (ISN) have flagged issues in the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012. The Bill would amend the duties of licensees and trustees ...

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
... picked where down the track members may be worse off. "In that case we'd say there may be legal recourse." Even if legislation was passed to protect either FWA or the expert panel and give them immunity from suit, Girgis said a moral hazard for the Government ...

CGT relief for super funds backdated

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
Financial Services and Superannuation Minister, Bill Shorten, has released exposure draft legislation on income tax relief for merging superannuation funds for public comment. The draft legislation takes into account several of the issues raised by ...

No roadblocks to success: Cormann

BEN COLLINS  |  FRIDAY, 3 AUG 2012
... implementation," he said. "The government has not introduced the whole package but just a few tranches of the MySuper legislation." However, he said it was quick to impose a new tax on the financial services sector in the form of a $470 million levy ...

MySuper outside government scope

BEN COLLINS  |  FRIDAY, 3 AUG 2012
... conscious that the superannuation system was experiencing a great deal of change, taking this into account in its draft legislation.

Portfolio Disclosure guideline released

LINDA HAUSKEN  |  THURSDAY, 2 AUG 2012
... guidelines," he said. The Financial Services Council (FSC) guidelines will apply to all of its members once they become legislation. "While the FSC can only put out regulation for its members... the expectation is that if the fund managers come up with ...

US releases model FATCA agreement

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
... this month for meetings with US Treasury and Internal Revenue Service (IRS) officials around issues with the draft legislation which saw Australian super funds fail to qualify for exemption. "The intergovernmental agreement provides further detail on ...

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
... delayed by a year to July 2014. The synching of trust reforms was in line with industry calls for a holistic approach to legislation governing trust structures, with industry members also requesting a lag once rules were introduced to allow for systems ...

ASIC boosts Stronger Super education program

LINDA HAUSKEN  |  FRIDAY, 27 JUL 2012
... to assist the industry with complying with the Stronger Super regime follows the recent release of exposure draft legislation on the reforms. As part of its initiatives, the Australian Securities & Investments Commission (ASIC) will host road shows which ...

"Bad apples" slipping through the cracks: ASIC

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... conduct, reinforcing that any code submitted for ASIC approval would need to encompass the full scope of the FOFA legislation. "Really, this means that it will be some time before we see a code that negates the need for opt in requirements."