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Showing 1 - 10 of 121 results for %22Andrew Jones%22

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
Representatives from the Super Members Council (SMC) met with assistant treasurer Stephen Jones to explore strategies for bolstering customer service. Industry super funds, in collaboration with the SMC, initiated a roundtable discussion last week with ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
Assistant treasurer and minister for financial services Stephen Jones has issued life insurance regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... clearing and settlement (CS) services. The proposed instrument, issued under the authority of assistant treasurer Stephen Jones, outlines the framework for ASIC to enforce rules governing the conduct and activities of CS facility licensees and associated ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... helping Australians manage cost of living pressures." Welcoming the changes, UniSuper head of financial advice and education Andrew Gregory said: "For too long there has been a 'missing middle' in advice where Australians who don't have large ...

SMSF Association, CA ANZ rally against super tax changes

ANDREW MCKEAN  |  FRIDAY, 1 DEC 2023
... that would double tax on many Australians superannuation earnings. Yesterday in Parliament, assistant treasurer Stephen Jones introduced the government's controversial Better Targeted Superannuation Concessions Bill - the legislation introduces a 30% ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation system, ensuring that members aren't adversely impacted ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... damage due to breaches of AFSL obligations. In a joint statement, treasurer Jim Chalmers and assistant treasurer Stephen Jones highlighted that digital asset platforms will also adhere to "minimum standards" for holding tokens, custody software, and ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... smoother with fewer liabilities building up on their books. Treasurer Jim Chalmers and minister for financial services Stephen Jones said: "This simple change will strengthen Australia's superannuation system and help deliver a more dignified retirement ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... benefits, phrasing, and implementation of an objective, garnering over 150 submissions. At the time assistant treasurer Stephen Jones said: "Despite its central role in the retirement income system, there is no agreed objective of superannuation, legislated ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
Amid fresh concerns about funding Australia's ageing population, assistant treasurer Stephen Jones has responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. ...
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