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Showing 211 - 220 of 2018 results for "Legislation"

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS | WEDNESDAY, 8 NOV 2023

... based on feedback received to date. FS Sustainability understands that Treasury expects to consult on exposure draft legislation to give effect to the climate-related financial disclosure regime later this year.

Will HNW firms re-enter retail advice?

KARREN VERGARA | WEDNESDAY, 1 NOV 2023

... such as abolishing the Safe Harbour Steps and Best Interest Duty. "We're really excited by the fact that the new legislation will focus on clients and consumers, rather than ensuring that we are, kind of, controlling advice providers," Lykouras said. ...

Government to amend transfer balance cap laws

ANDREW MCKEAN | FRIDAY, 27 OCT 2023

... ensuring that members aren't adversely impacted as a result of a merger or successor fund transfer. "Under current legislation, a member's cap may be unintentionally impacted due to the original income stream being treated as ceasing and a new one beginning," ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN | TUESDAY, 24 OCT 2023

... for the removal of the 17% tax on superannuation death benefits directed to charities and calls for an amendment to legislation whereby charities could be a direct recipient of a death benefit nomination. Impact Economics and Policy modelling suggests ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI | FRIDAY, 20 OCT 2023

... which implied that she held those licences, constitute a "holding out" in violation of the relevant provisions of the legislation. "As a result, I am convinced that the applicant has breached s 911C of the Corporations Act, a financial services law. ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI | WEDNESDAY, 11 OCT 2023

The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN | THURSDAY, 5 OCT 2023

... non-indexation might result in approximately 500,000 Australians exceeding the cap in their lifetime. "The proposed legislation has failed to allay farmers' apprehensions about the planned tax adjustments and their potential impact on agricultural ...

Cbus scolded over 'most galling conflict' in super

ANDREW MCKEAN | TUESDAY, 3 OCT 2023

... "clearly unmanageable." The HAFF passed through Parliament in September, despite funding pressure from the Greens. The legislation empowers the government to construct a pipeline of 30,000 new social and affordable rental homes within the next five years. ...

Super tax break changes open for consultation

KARREN VERGARA | TUESDAY, 3 OCT 2023

... Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI | TUESDAY, 26 SEP 2023

... work bonus maximum cap to provide more choice and flexibility to participate in the workforce. Pending the passage of legislation, from next January all new pension entrants over Age Pension age and eligible veterans will have a starting work bonus income ...

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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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