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Showing 231 - 240 of 2044 results for "Legislation"

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... mandate of ensuring price stability and contributing to full employment. Yesterday, Chalmers stated that the proposed legislation reflects the government's objective of maintaining a "world-class" central bank with a monetary policy framework capable ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... Australia," and affirms its dual mandate of ensuring price stability and contributing to full employment. Moreover, the legislation comprises the establishment of both a Monetary Policy Board and a separate Governance Board, while also clarifying the ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... Congress this morning, Jones acknowledged feedback from the advice sector in relation to the first tranche of draft legislation to come out of the Quality of Advice Review, released last week. Upon its release, many lamented the exclusion of any changes ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... modelling, compliance and project work, software configuration, and client reviews. "A common belief is that even if legislation doesn't mandate a client-facing document, certain service-oriented firms/licensees may still require an advice record ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... an equitable and sustainable way." "The Albanese government is moving to enshrine an objective of superannuation in legislation as part of its agenda to strengthen and maximise the benefits of the nation's super system," Chalmers said. "An agreed objective ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today ...

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 ...