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Showing 2391 - 2400 of 2989 results for "ARRA"

BUSS(Q) calls for sub-contractor legislation

COMPANY RELEASE  |  WEDNESDAY, 8 APR 2009
David O'Sullivan, building and construction super fund BUSS(Q)chief executive, is calling on the government to introduce legislation that would force sub-contractors to contribute to their superannuation. O'Sullivan said the number of employees becoming ...

MTAA withdraws insurance freebies

RUTH LIEW  |  MONDAY, 6 APR 2009
The $5.5 billion MTAA Superannuation Fund is axing its long-standing "six month rule" on insurance cover for certain members, citing it is "not equitable" to the rest of the fund's membership base. According to a statement on the MTAA website, the fund ...

AIRC sets more default super funds

ALEX DUNNIN  |  FRIDAY, 3 APR 2009
The Australian Industrial Relations Commission (AIRC) has today released the second tranche of revised Awards including details of their default superannuation funds. The revisions are part of the Award Modernisation process commenced last year at the ...

Less tax on financial advice

MICHAEL HOBBS  |  WEDNESDAY, 25 MAR 2009
If the cost of financial advice was to be made tax-deductible, it should be means tested to ensure the right people receive the most benefit. Chris Pearce, shadow minister for financial services, superannuation and corporate law, told an Association ...

ASIC seeks Storm liquidation

PRESS RELEASE  |  THURSDAY, 19 MAR 2009
The Australian Securities and Investments Commission (ASIC) has applied to place Storm Financial into liquidation after the firm's former directors posted a "misleading" memorandum on their website. This application follows the Storm Financial's former ...

Babcock & Brown folds

MICHELLE BALTAZAR  |  FRIDAY, 13 MAR 2009
Babcock & Brown Limited has called in the administrators after its New Zealand investors rejected the company's plan to restructure some of its debt. In an ASX statement released this morning, Babcock & Brown has appointed Deloitte Touche Tohmatsu as ...

ATO targets early access and in-house rules

MICHAEL HOBBS  |  THURSDAY, 12 MAR 2009
The Australian Tax Office (ATO) is targeting illegal early access to retirement savings and stepping up its compliance activities to ensure self managed super fund (SMSF) trustees don't break the law. Speaking at the SMSF Professionals' Association ...

APRA outlines priorities

MICHAEL HOBBS  |  FRIDAY, 27 FEB 2009
The Australian Prudential Regulation Authority's (APRA) is focused on authorised deposit taking institutions (ADIs) liquidity risk, prudent capital management and executive remuneration this year. Speaking at the Australian British Chamber of Commerce ...

Parlie inquiry into sales commissions

ALEX DUNNIN  |  FRIDAY, 27 FEB 2009
Its game on for financial advice in Australia now that Parliament has convened a fast-paced inquiry into the role advisers, commissions and regulatory gaps played in the recent spate of financial services collapses. The Inquiry's wide ranging Terms ...

AUSCOAL overhauls insurance

RUTH LIEW  |  FRIDAY, 27 FEB 2009
The $4.9 billion super fund for the mining industry AUSCOAL Super has restructured its insurance to offer members scaleable, age-based cover. According to Bruce Watson, chief executive of AUSCOAL, the new default arrangement means the fund has moved ...