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Showing 1601 - 1610 of 2812 results for "Regulation"

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
... legally possible," despite some industry opposition. Sinodinos said that the aim of pushing the amendments through regulation instead of legislation is "to provide certainty to industry prior to the legislation being passed by the parliament." He made ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The Actuaries Institute has called for profound change to the regulation of the retirement phase of superannuation, including changing the rules around lumps sum withdrawals and removing impediments to older people who want to continue working. In its ...

Industry resists full portfolio disclosure

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... transparency of portfolio holdings. In submissions to Assistant Treasurer Arthur Sinodinos' discussion paper, 'Better regulation and governance, enhanced transparency and improved competition in superannuation industry bodies', industry bodies were conservative ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... away with a catch-all client best interest test, saying it was too fundamental to the legislation to be enacted via regulation. Arnold Bloch Leibler's advice supported this claim, saying: "A court declaration of invalidity would operate retrospectively... ...

Pressure mounts on super in modern awards

JAMES FERNYHOUGH  |  FRIDAY, 14 FEB 2014
... yearly review. It came just a day after the submissions deadline for the government's discussion paper entitled, 'Better regulation and governance, enhanced transparency and improved competition in superannuation'. The 'improved competition in superannuation' ...

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... slammed comments by Shadow Treasurer Chris Bowen that proposed amendments to the Future of Financial Advice (FoFA) regulation may make Storm or Trio Capital cases "more likely" as "complete rubbish." "The ALP has made it very clear and Chris Bowen said ...

APRA to scrutinise group insurance risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 FEB 2014
... management will be top of the agenda in a number of thematic reviews to be carried out by the Australian Prudential Regulation Authority (APRA), according to the regulator's general manager Greg Brunner. Speaking at the Australian Custodial Services ...

Regulation holding financial services back: Brogden

MARK SMITH  |  TUESDAY, 11 FEB 2014
Financial Services Council (FSC) chief executive John Brogden has blamed "out-dated" regulation and taxation for Australia's failure to effectively export its financial services business. In the FSC's Budget submission, Brogden pointed out that at 8.7% ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... chair and former NSW Liberal leader Peter Collins. The government is currently treating the proposed amendments as regulation rather than legislation, meaning they will not have to go through parliament. However, speaking at ISA's Financial Advice in ...

GreySpark consultancy opens in Australia

STAFF WRITER  |  THURSDAY, 6 FEB 2014
... the introduction of the Dodd Frank Act in the United States and the European Union's European Market Infrastructure Regulation (EMIR). GreySpark said it is hoping to bring the expertise it has gained in the US and Europe to financial institutions in ...