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Showing 2501 - 2510 of 3920 results for "law"

Someone mentioned the "S-word" on Wall Street

BENJAMIN ONG  |  FRIDAY, 26 SEP 2014

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
Treasurer Joe Hockey has lambasted the Labor party for "complaining about its own laws" and making "such a mess of the entire crisis of financial advice." Hockey accused Shadow Treasurer Chris Bowen of being "too busy in engaging with unfair dismissal ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
The Financial Planning Association (FPA) has rejected the Financial Services Council's (FSC) proposal to establish a statutory, independent board to oversee advice, saying that there was no need for further regulation, with the mooted board simply "reinventing ...

Govt to amend fund merger tax laws

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2014
... hit with tax penalties. The amendments were proposed by the previous Labor government following concerns that the current law is unclear about how members' account balances should be treated in fund mergers that triggered implicit rollovers. Government ...

ASFA releases 'first of its kind' best practice paper

JAMES FERNYHOUGH  |  MONDAY, 22 SEP 2014
The Association of Superannuation Funds of Australia (ASFA) has developed an investment management best practice paper, for use only by its members. According to ASFA chief executive Pauline Vamos, the paper is the first of its kind not to have been ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... providers can rely on it even for simple calculators that do not contain financial product advice or only general advice," the law firm said in a submission to the Financial System Inquiry. Minter Ellison argued that there is "great potential for online ...

BOQ reaches $17 million settlement with Storm victims

LAURA MILLAN  |  MONDAY, 22 SEP 2014
Bank of Queensland (BOQ) will pay $17 million to customers who were victims of Storm Financial as part of the legal proceedings of a class action brought against the bank. The net impact after tax to BOQ will be of $22.1 million, which includes all ...

Citi appoints former ASIC deputy chair to board

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
... for the regulation of the financial and securities markets. Before her role at ASIC Gibson was a corporate and securities law partner at Mallesons Stephen Jaques. She is a trustee of the Australian Museum and an adjunct professor at the School of Business ...

Guardian and Asteron help launch pro bono adviser service

ALICE URIBE  |  FRIDAY, 19 SEP 2014
Guardian Advice and Asteron Life have joined together with a network of financial advisers to launch Claims Aid, a service to provide pro-bono claims assistance on life and disability policies. Peter Kaleta, a principal adviser at Life Shield and founder ...

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
... had good understanding and less than 6% saying they had no understanding at all. Default MySuper products are required by law to include life cover. The high level of disengagement among fund members means some may be paying several dollars a week for ...