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Showing 151 - 160 of 2018 results for "Legislation"

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... organisation. But as we do that, we're required to let ASIC know that we've made the payment and under that legislation ASIC is then required to cancel the licence of that entity." While the cancellation might not be "automatic" per se, Berry ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
... advocate for retail shareholders. This gives us a unique perspective into the effectiveness - or otherwise - of the legislation changes," he said.

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... to emerging industry trends and bolster and modernise existing registration criteria. Up for discussion is whether legislation in the Tax Agent Services Regulations 2022 (Cth) and/or Tax Agent Services Act 2009 (TASA) should be amended to give the TPB ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... being prioritised too. "We look forward to working with the government as it develops its proposals and brings this legislation forward." Meanwhile, Zoe Alexander, director of strategy at Nest, the workplace scheme established by the UK government, also ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... Consequently, the trustee board decided to explore a merger with another super fund due to considerations of scale, legislation and regulation, as well as long-term sustainability. Qantas Super said that it comprehensively assessed the different merger ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... more accessible and more affordable for everyday Australians. The crux of the matter is that this well-intentioned legislation will generate the opposite effect of the intent behind the Quality of Advice Review," he said. BT head of financial literacy ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... 2023, which contains the new laws governing non-arm's length expenses of superannuation funds and other pieces of legislation, passed both houses of Parliament. Currently, NALE rules apply to all complying superannuation entities. Under the new law ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... wants "greater legal clarity" to how advice fees are deducted from superannuation fund accounts. The Senate Economics Legislation Committee, led by chair senator Jess Walsh, tabled its final report today. The bill, Treasury Laws Amendment (Delivering ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation to be extended to stop financial advisers using third parties to cold call consumers to elicit business or posting click-bait ...