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Showing 201 - 210 of 1324 results for "Parliament"

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... how they are interpreting these new provisions, and what actions they will take to ensure that the decisions made by Parliament are not easily and carelessly overturned. "The committee would like to know how superannuation trustees could fund their penalties ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... on low incomes and people working multiple small jobs," Women in Super chair Kara Keys said. "The Bill is before the Parliament this week and has bipartisan support. There is no reason not to pass it."

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... management firms. "Ultimately, this scheme is about who bears the costs of misconduct in the system, and, unless the parliament improves the scheme proposed by the government, we'll continue to see individuals, people with the least resources in ...

Spirit Super purchases landmark site in Tasmania's largest property deal

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
Spirit Super members have a new asset working for their retirement, with the Parliament Square acquisition now complete. This is Tasmania's largest ever property transaction by value. "We are delighted to have purchased such a high-quality asset in ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... regardless of experience - to obtain an approved degree. After the passage of the government's Better Advice Bill through Parliament, from 1 January 2022, the power to set education standards for financial advisers will transfer from FASEA to Hume. In ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... he said. If elected, Jones will ensure that the removal of the $450 threshold, which was pulled in the last week of parliament, will be legislated. He will look at the effectiveness of Single Touch Payroll and "hold the ATO's feet to the fire" in ...

AIOFP blasts 'elitist' young advisers

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
... education but has life experience, arguably the most important qualification to have," Johnston wrote to members of parliament. Johnston then went on to suggest younger advisers spend time the families of advisers who have taken their own lives "to see ...

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
... trusted to work in their best interests," he said. In October, the merger was given the green light by the Queensland Parliament. The planned merger is due to finalise on 28 February 2022 pending final board, regulatory and legislative approvals. Australian ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... proposing sweeping changes to financial services law, including changes that affect the advice industry, tabled in parliament on November 30. After surveying a gamut of corporations and analysing the web financial services legislation, the ALRC makes ...