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Showing 221 - 230 of 2044 results for "Legislation"

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the exposure draft of legislation that would make financial disclosure of climate ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... successful complaints sitting at 284 and amounting to a claim cost of $27 million. The CSLR has lodged the relevant legislation with parliament, which can object to the amount through a disallowance process, but after 15 sitting days ASIC will determine ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... provided before avoiding a customer's insurance policy. ASIC enforcement action plays an essential role in testing legislation to ensure it affords consumers with appropriate protection," she said. ASIC is currently assessing the Court's ruling.

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... from having to provide consent on multiple forms, where the client has more than one product holding." Instead, the legislation should allow product providers to accept the standardised consent form for the deduction of personal advice fees whether it ...

BT signposts key issues for advisers in 2024

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... members, bring some clarity, the impact and effectiveness of these reforms will only be discernible once the draft legislation is reviewed in detail. "Advisers have dealt with a great deal of complexity in recent years and are vested in how these proposed ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... now too high for most consumers to attain. Summarily, Abood said the FAAA does not believe that the first tranche legislation as it is currently drafted will have much impact on reducing unnecessary processes, paperwork, and compliance steps. "Rather ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... member's personal and household circumstances, such as debt, spouse's income, or Age Pension eligibility. The new legislation aims to empower funds to better assist their members throughout their retirement journey, including encouraging members ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... of various online trading providers to evaluate potential risks and verify their compliance with financial services legislation.

SMSF Association, CA ANZ rally against super tax changes

ANDREW MCKEAN  |  FRIDAY, 1 DEC 2023
... treasurer Stephen Jones introduced the government's controversial Better Targeted Superannuation Concessions Bill - the legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million from 2025-26. Jones said that this "modest ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... 32% agreeing this was of high importance. Further, the proportionality of costs to be compliant with regulation or legislation (32%) and digital infrastructure and location (29%) were next in line. Moreover, half of Australian fintechs surveyed (50%) ...