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Showing 1811 - 1820 of 2989 results for "ARRA"

APRA to scrutinise group insurance risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 FEB 2014
Group insurance risk 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 ...

Sunsuper acquires holiday park chain

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
Queensland-based industry fund Sunsuper has acquired a 98% stake in nationwide holiday park chain Discovery Holiday Parks. Under the arrangement, the $26 billion super fund, which already held shares in the company, acquired a "significant majority ...

FSC joins calls for tax deductible advice

MARK SMITH  |  MONDAY, 10 FEB 2014
The Financial Services Council (FSC) has recommended the government implement tax deductions for those seeking financial advice. The FSC used its pre-Budget submission to join organisations such as the Financial Planning Association (FPA) and the Institute ...

FoFA changes delay tax-deductible advice: Ripoll

LAURA MILLAN  |  FRIDAY, 7 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) legislation are delaying the possibility of the implementation of tax-deductible advice, Shadow Minister for Financial Services and Superannuation Bernie Ripoll told Financial ...

FPA asks for tax-deductible advice

LAURA MILLAN  |  WEDNESDAY, 5 FEB 2014
The Financial Planning Association (FPA) has asked the government to implement tax deductibility on financial planning fees. "The inability to claim a tax deduction for the fees associated with an initial financial plan acts as a disincentive for people ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
The Association of Superannuation Funds of Australia (ASFA) has called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities ...

Obama launches myRA

ALEX DUNNIN  |  MONDAY, 3 FEB 2014
President of the United States Barack Obama has proposed a new retirement savings program called MyRA to help Americans prepare for retirement. The plan was unveiled in last week's 2014 State of the Union address. The plan will not require Congressional ...

Super subsidies cost $32bn: Treasury

ALEX DUNNIN  |  FRIDAY, 31 JAN 2014
As the government prepares for a review of unsustainable welfare payments, Treasury has released its 2013-14 Tax Expenditures Statement (TES) that confirms the cost of superannuation tax subsidies is $32 billion. The TES is produced each year and is ...

Prime Super and HIP to merge

JAMES FERNYHOUGH  |  THURSDAY, 30 JAN 2014
Industry superannuation funds Prime Super and Health Industry Plan (HIP) will merge later this year to create a fund with almost $2.4 billion in funds under management and 150,000 members. Under the new arrangement, Prime Super chief executive Lachlan ...

TPB releases guidance on conflict of interest

LAURA MILLAN  |  TUESDAY, 28 JAN 2014
The Tax Practitioners Board (TPB) has focused its first document outlining guidance for the Tax Agent Services Act (TASA) 2009 on the management of conflicts of interest. The document details the actions that registered tax agents should take in case ...