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Showing 201 - 210 of 2018 results for "Legislation"

Final QAR reforms open door to super funds

CASSANDRA BALDINI | THURSDAY, 7 DEC 2023

... member's personal and household circumstances, such as debt, spouse's income, or Age Pension eligibility. The new legislation aims to empower funds to better assist their members throughout their retirement journey, including encouraging members ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN | WEDNESDAY, 6 DEC 2023

... of various online trading providers to evaluate potential risks and verify their compliance with financial services legislation.

SMSF Association, CA ANZ rally against super tax changes

ANDREW MCKEAN | FRIDAY, 1 DEC 2023

... treasurer Stephen Jones introduced the government's controversial Better Targeted Superannuation Concessions Bill - the legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million from 2025-26. Jones said that this "modest ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI | WEDNESDAY, 29 NOV 2023

... 32% agreeing this was of high importance. Further, the proportionality of costs to be compliant with regulation or legislation (32%) and digital infrastructure and location (29%) were next in line. Moreover, half of Australian fintechs surveyed (50%) ...

British banker to become RBA deputy governor

CHLOE WALKER | TUESDAY, 28 NOV 2023

... mandate of ensuring price stability and contributing to full employment. Yesterday, Chalmers stated that the proposed legislation reflects the government's objective of maintaining a "world-class" central bank with a monetary policy framework capable ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN | MONDAY, 27 NOV 2023

... Australia," and affirms its dual mandate of ensuring price stability and contributing to full employment. Moreover, the legislation comprises the establishment of both a Monetary Policy Board and a separate Governance Board, while also clarifying the ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON | WEDNESDAY, 22 NOV 2023

... Congress this morning, Jones acknowledged feedback from the advice sector in relation to the first tranche of draft legislation to come out of the Quality of Advice Review, released last week. Upon its release, many lamented the exclusion of any changes ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA | WEDNESDAY, 22 NOV 2023

... modelling, compliance and project work, software configuration, and client reviews. "A common belief is that even if legislation doesn't mandate a client-facing document, certain service-oriented firms/licensees may still require an advice record ...

Objective of super bill lands in parliament

ANDREW MCKEAN | FRIDAY, 17 NOV 2023

... an equitable and sustainable way." "The Albanese government is moving to enshrine an objective of superannuation in legislation as part of its agenda to strengthen and maximise the benefits of the nation's super system," Chalmers said. "An agreed objective ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA | TUESDAY, 14 NOV 2023

Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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