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Showing 241 - 250 of 1327 results for "Parliament"

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... be included, alongside government funds which have yet to face scrutiny from the committee. "I have made it clear in parliament that I have my reservations about that constant consolidation. It doesn't change the fact that if you have greater consolidation ...

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... year's administration fees instead of eight years' average in the APRA performance test. The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... letters that failing funds must send to their members, according to Industry Super Australia (ISA). The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives on August 4. It brings to life Recommendation 2.10 from the Hayne ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... 2020, the UFAA called on members to boycott the FASEA exam. And, in October 2019, the association said it was lobbying parliament to retain life insurance commissions. Former Spectrum chief executive Mark Schroeder was one of the organisers within the ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... the draft legislation for FAR and opened a 28-day consultation. It expects FAR legislation to be introduced in the Parliament in spring. The implementation will start with ADIs which have already been subjected to BEAR. The starting date for large ADIs ...