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Showing 151 - 160 of 214 results for "Tranche 2"

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences". The contentious proposal, which was tabled in ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ...

Political debate defers FOFA clarity

CLAIRE MCGREAL  |  THURSDAY, 17 NOV 2011
With only one more round of sitting days currently scheduled for both chambers of parliament, it seems increasingly unlikely that the proposed FOFA legislation will pass through both houses before Christmas. Added to this is the fact that the government ...

Hero to Zero

BENJAMIN ONG  |  MONDAY, 7 NOV 2011
A week may not be all that much in the whole scheme of things, but a week was long enough for Greek Prime Minister George Papandreou to turn from hero to zero. Hero. All seemed well after the night of 27 October. Every finance minister and his dog literally ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
The superannuation system revamp continues with the introduction of legislation that will pave the way for MySuper. The Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 proposes the introduction of MySuper, a low-cost default ...

Shape up or ship out

BENJAMIN ONG  |  THURSDAY, 3 NOV 2011
Germany and France has called Greek Prime Minister George Papandreou's all-in "referendum" gambit. Monsieur Sarkozy and Fraulein Merkel suspended the disbursement of the a,-8 billion rescue tranche until Greece makes up its mind to stay in the Eurozone ...

Work in no progress

BENJAMIN ONG  |  FRIDAY, 21 OCT 2011
Make that October 26 - maybe. Yes folks the can has been kicked further down the road to nowhere. Less than five days ago -- at the end of the G20 Summit in Paris -- there was optimism in the air, there seems to be consensus among the top 20 moneymen ...

FOFA reaches parliament with undisclosed feature

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
After many months of discussion, the FOFA Bill has finally reached parliament but planning associations the AFA and the FPA have slammed the motion after a new feature was revealed without prior consultation with the industry. Minister for Financial ...

Market Wrap - Midday

AAP  |  THURSDAY, 13 OCT 2011
The Australian share market opened slightly higher, with broad-based gains against a positive international backdrop of growth. At the open (AEDT), the benchmark S&P/ASX200 index gained 40.8 points, or 0.97 per cent, at 4,245.1 and the broader All Ordinaries ...