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Showing 221 - 230 of 732 results for "Amendment"

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... well as accountability and transparency obligations that will put trustee spending under the microscope. Treasury Laws Amendment (Measures 4 for a later sitting) Bill 2020: Best 5 Financial Interests Duty will force trustees to be more accountable to ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
The NSW Court of Appeal has ruled pandemic exclusions are invalid, and insurers will have to cover COVID-19; a ruling that has seen IAG go into a trading halt. IAG entered a trading halt on the back of the news, with the ruling possibly meaning insurers ...

Challenger shareholders revolt against remuneration

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
Challenger's company-wide salary freeze wasn't enough to appease shareholders, who delivered a first strike against its executive pay yesterday. Of the total votes cast, 28.25% were against adopting the remuneration report, meaning it was approved ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based tax agent after she attempted to exploit a COVID-19 stimulus measure for over $20,000. The TPB determined TLL Tax Pty Ltd and its director Liying Tong breached ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
The Australian Competition and Consumer Commission (ACCC) amended the consumer data right rules to allow intermediaries to collect data on behalf of third party recipients. The changes will allow accredited businesses to obtain consumer data with their ...

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... allow it to consider any complaints currently with the SCT that are unlikely to be finalised by the end of the year. The amendment will allow AFCA to consider matters that are before the Federal Court on appeal from the SCT that are not finalised too. ...

Sydney tax professional jailed

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
A tax professional has been sentenced to one year and eight months jail, having pleaded guilty to lodging false income tax returns and amendments without his clients' knowledge. Hussain Nazeer admitted guilt for dishonestly causing a loss to the Commonwealth ...

SMSF member increase bill reintroduced

ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... choice to the SMSF sector." It was first announced ahead of the 2018/19 budget and was introduced in the Treasury Laws Amendment (2019 Measures No. 1) Bill 2019 but was knocked back by Labor. The bill was reintroduced this week by assistant minister ...

ASIC relaxes IPO red tape

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... regulatory costs for companies considering going public, while upholding an orderly and transparent market." The first amendment facilitates voluntary escrow arrangements under an IPO so the interests of an issuer, professional underwriters or lead manager ...