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Showing 211 - 220 of 1209 results for "Parliament"

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... whether a more favourable tax treatment might make such schemes more attractive. Chair of the committee, Member of Parliament Jason Falinski, said the committee is interested to hear from a broad cross section of witnesses from government and the private ...

Expats sweat as main residence CGT cut-off looms

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... the transition period, Atlas Wealth has started a petition on Change.org, and has also written to seven members of parliament, including Treasurer Josh Frydenberg. Despite the petition gaining nearly 1000 signatures, with figures growing every day, Ridley ...

FASEA extension en route

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
The government's move to extend the ban on conflicted remuneration to listed investment companies and trusts is expected to provide financial advisers with some much needed certainty. Following Treasury consultation, the government made the decision ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Litigation funders will be regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... been made from not-for-profit funds, while the remaining 28% from retail funds. Prime Minister Scott Morrison told parliament on Friday last week the most recent ERS figures were significantly higher than APRA's data, which is a week behind. "The ...

FASEA blame game on in earnest

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... vote is inexplicable," Jones said. "As Australia returns to work, so should the Senate. Labor welcome the news that Parliament will return for two weeks in June. "Labor implore the government to prioritise this legislation at its next sitting. The financial ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... Superannuation funds are set to permanently avoid negative tax outcomes upon merging, after an amendment bill sailed through parliament yesterday. While the FASEA extension stalled yesterday, the parliament successfully shepherded the government's Treasury ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... the four major banks and other financial institutions. Wilson said the hearings are "an important mechanism for the Parliament to publicly scrutinise and hold Australia's insurance sector to account". "Insurance is an essential way that Australians and ...