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Showing 131 - 140 of 2018 results for "Legislation"

Reforms needed to boost engagement: ASFA

MATTHEW WAI  |  MONDAY, 23 SEP 2024
... second tranche of the DBFO reforms to make financial advisers more accessible through super funds. "The advice in super legislation will reduce red tape and improve the efficiency of accessing advice. It will be a revolutionary step for Australian's ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... guidance has updated descriptions of, or references to, financial products and services, obligations of AFS licensees, legislation administered by ASIC, other applicable rules and legislation, and ASIC's regulatory documents to reflect the current legal ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
The legislation that will see superannuation contributions paid alongside government-funded parental leave entitlements passed parliament this morning. Parents receiving payments from the Commonwealth Paid Parental Leave scheme will begin receiving ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... Super laws. Releasing its proposed framework today, the government outlined further details it plans to include in legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. From 1 July 2026, employers ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... proposed Division 296 tax. The 2024 Annual Benchmark Report dives into potential tax liability for Class members if the legislation passes, which could incur an additional tax of over $825 million collectively for its 16,531 high-balance members. Class ...

Scams prevention framework consultation released

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
... transferring money to is not what it purports to be would go a long way in reducing losses. "In this regard, the proposed legislation on a framework to prevent scams is a welcome one," Rao said. "While Australia is a small market, a giant step such as ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... have exhausted other alternatives and actively choose to enter aged care. A Senate inquiry is to review the proposed legislation over a six-week period, but the government expects to pass the reforms by the end of the year and to have them effective ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... time for strict government regulation. "We're pleased to see this announcement includes a five-year review of the legislation. This will be essential to ensuring the law keeps pace with advancements in genomic science and the way genetic tests are ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Coalition plans to amend paid parental leave legislation to let parents opt for a one-off cash payment instead of superannuation contributions on government-funded paid parental leave. A joint statement from deputy leader of the opposition Sussan ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Senate will consider legislation to define an objective of superannuation. The Superannuation (Objective) Bill enshrines the goal to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and ...