Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 732 results for "Amendment"

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
A Treasury spokesperson has indicated when industry can expect the release of the Quality of Advice Review (QAR) final report, while also confirming the government has not scrapped super tax concessions. A spokesperson for minister for financial services ...

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The government is proceeding with a legislative amendment to exempt Australian subsidiaries of the Future Fund board from corporate income tax. Currently, the Future Fund board is exempt from income taxes, but this exemption doesn't extend to its ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... industry feedback. "I am not at this stage proposing big changes to the proposals," she confirmed. Levy explained one amendment will be around good advice. "You'll ask me about good advice - one of the proposals that I am changing is, not to remove ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

Consultation opens on NHIF remit expansion

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
... funds and other institutional investors. The National Housing Finance and Investment Corporation Investment Mandate Amendment (Social and Affordable Housing) Direction 2022 is intended to broaden the remit of the NHIF - an existing $1 billion facility ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
ASIC has welcomed the latest ASX industry consultation on improving market resilience, following the exchange's outage in November 2020. The consultation paper covers potential future ASX capabilities to enhance market resilience, with submissions to ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
A range of tax and superannuation changes that were announced by the previous government but never legislated have been scrapped by the Labor government. To provide certainty to industry and those that would have been impacted by the measures, the government ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
In its pre-budget submission, the Financial Planning Association of Australia (FPA) has called on the federal government to broaden its proposed compensation scheme of last resort (CSLR) and to extend the ASIC levy freeze for advisers for another year. ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
The Australian Law Reform Commission's (ALRC) second interim report to reduce complexity in financial services legislation proposes an alternative model that's more coherent and principled, and "embraces minimalism." The ALRC's proposed legislative ...