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Showing 181 - 190 of 2027 results for "Legislation"

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... account the data and what we're hearing from the community and the market, but to suggest that we are resourced and the legislation requires us to investigate each and every matter that is brought to our attention is simply not the law, it's not realistic ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... that she was not adequately trained or competent to provide financial services and is likely to contravene credit legislation and financial services legislation. The permanent ban also includes preventing Baaini controlling any entity that carries a ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... our joint submission with CPA Australia to the government, we wrote that we support Treasury's efforts to establish legislation for a framework for climate related disclosures, but those in Group 3 don't appear to have been appropriately considered or ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... deliver greater benefits to the economy and to consumers and provide certainty to businesses." Subject to the passage of legislation, the reforms will commence on 1 January 2026. ACCC chair Gina Cass-Gottlieb welcomed the announcement, saying the move ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... interest, and raw emotions are just a few of the challenges when accessing aged care advice. "Moreover, aged care legislation, choices and costs associated with aged care are constantly changing, enhancing the difficulties with planning and education," ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... This ultimately adds to the cost of advice and will likely result in a poor consumer experience. "Under the proposed legislation, superannuation trustees that allow fee deductions will need to check every piece of advice individually and duplicate valid ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges, a member's transfer balance may be unintentionally adversely impacted due to the original ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
The Senate Economics Legislation Committee has recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... fronting up $241 million to support the compensation. I appreciate their position. We are acting in accordance with the legislation; we have worked through what we see is the likely claims which we'll need to pay. And as such, that's the number. ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
The legislation housing the first tranche of financial advice reforms that promise to reduce red tape was introduced in parliament today. Some of the recommendations from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) ...