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Showing 241 - 250 of 2020 results for "Legislation"

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... Multinationals Pay Their Fair Share-Integrity and Transparency) Bill 2023 amends Australia's thin capitalisation rules. The legislation will limit the amount of interest expenses that entities can claim as tax deductions. The measures are forecast to ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... they'll be clearer and easier to understand. "As usual, the devil is in the detail," said Khouri. "And I hope that the legislation will be practical and provide us and product providers with adequate guidance."

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Interim Report B, released last October, covered technical improvements to simplify corporations and financial services legislation. In Interim Report C, the ALRC describes Chapter 7 as an "old cupboard" that is "crammed full and poorly organised, with ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... to the current rules - and not those yet to be regulated or legislated. "While there is always likely to be draft legislation proposed for future financial years, members need to focus and ensure they are administrating a fund based on the current rules," ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... stakeholders. The consultation period ends on July 27. The FRAA was a recommendation of the Hayne Royal Commission. The legislation for the FRAA's establishment passed in parliament in mid-2021. Less that two years since its establishment, the government ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... probably saw that, just before the federal budget, the government made an announcement that they intend to introduce legislation to have payday SG payments," he said. "So, a lot of us understand SG, at minimum, is due at the end of each quarter for eligible ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Blake Briggs said. "The FSC looks forward to working with the government to deliver on its commitment to introduce legislation implementing these changes before the end of this year, including strengthening consumer protections by tightening exemptions ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

TPB grilled over handling of PwC scandal

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... apply in this instance. Pushed further on why that was the case, O'Neill said it comes down to the structure of the legislation. "Can you take me to the clause in the Act that says you cannot fine someone who has betrayed confidential information, made ...