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Showing 201 - 210 of 2044 results for "Legislation"

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) ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... accounts and consolidate them into the account of their choice. The stapling measures under the Your Future, Your Super legislation, introduced in November 2021, have been an additional driver in this area. "Initiatives such as account stapling and proactive ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... minister for finance, women, and the public service Katy Gallagher explained that the delay was due to the need to pass legislation and set up systems to facilitate the payment. "We need to get the systems in place. It's not as straightforward as ...