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Showing 1421 - 1430 of 2026 results for "Legislation"

Ex-MLIM chief and head of sales to lead Powerwrap

BEN COLLINS  |  WEDNESDAY, 30 MAY 2012
... place I am confident of Powerwrap's ability to execute our strategy going forward," he said. "The impact of the FOFA legislation and increased consumer awareness means that independent advisers are looking for more efficient, transparent platforms that ...

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
With FOFA legislation due for debate in the Senate next month, the Opposition's spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget ...

Government responds to proxy vote concerns

BEN COLLINS  |  FRIDAY, 25 MAY 2012
... address these concerns by introducing an amendment into Parliament through the proposed Consumer Credit and Corporations Legislation Amendment (Enhancement) Bill. However, the parliamentary secretary to the Treasurer, Bernie Ripoll, has intervened to ...

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors". The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) ...

ATO clarifies borrowing issues for SMSFs

RACHEL DAVIS  |  THURSDAY, 24 MAY 2012
... the asset. "The Commissioner's interpretation of these terms has provided a common sense and practical solution to legislation that could be read far more strictly. It's encouraging to see the Commissioner adopt such an approach, and it will certainly ...

Financial adviser sentenced on fraud charges

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
... good behaviour. His Honour, Judge Toner, said he had imposed the longest period of supervision available under the legislation and further advised Hobson he would be re-sentenced to full time imprisonment should he commit any crime in that five year ...

AIST warns MySuper deadline tight

BEN COLLINS  |  FRIDAY, 18 MAY 2012
... risk measure to be incorporated in the product dashboard, which AIST feels is deficient and should not be mandated by legislation. AIST's has recommended that if the measure is to be implemented, that it is done pending a review. "We're not having a ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
... making class actions easier to mount after the event has happened," said Townsend. "This is laudable but truly having legislation that would stop it happening again by malicious advisers is not yet a reality. "It is worth remembering that Storm clients ...

Super funds urged to disclose director and exec pay

BEN COLLINS  |  WEDNESDAY, 16 MAY 2012
... Fiona Reynolds, AIST chief executive, said it was time for super funds to take the next step and not simply wait for legislation and regulation to arrive before the industry. "While some not-for-profit funds are leading the way and have adopted best ...

Midwinter empowers adviser software

BEN COLLINS  |  WEDNESDAY, 16 MAY 2012
... settings. "It is a difficult time for financial planners due to the large amount of uncertainty surrounding announced legislation," said Julian Plummer, managing director, Midwinter. "The uncertainty is compounded with the Liberals announcing that they ...