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

Search Results

Showing 161 - 170 of 2044 results for "Legislation"

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 ...

FSU campaigns against workplace surveillance

JAMIE WILLIAMSON  |  FRIDAY, 30 AUG 2024
... surveillance practices in various industries, including financial services. In its submission, the FSU has called for legislation that would prohibit employees being surveilled unnecessarily and without their prior knowledge. "Additionally, we advocate ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... time are undercut by those who don't. While the government has pledged to enact payday super reforms by 2026, the legislation, however, still hasn't been introduced to Parliament, and details of its implementation remain unclear. The government also ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... person's view of these matters. "Any review should be conducted by the industry regulator, APRA, in accordance with the legislation and on the basis of providing the Trustee with procedural fairness and natural justice," BUSSQ said. BUSSQ chair Chris ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ...