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Showing 2641 - 2650 of 3920 results for "law"

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... "facilitative approach" to FoFA and asked whether it could represent a threat to consumers. "There has been no change in the law yet and at the moment you are following government policy, instead of the law," independent senator Nick Xenophon noted. ...

Better ASIC-AFP relationship could lead to more prosecutions

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... they get to the point where they are unable to prove criminality, to be able to use ASIC to go after people for Corporations Law offences." ASIC chairman Greg Medcraft said that the regulator had already recommended a system that allowed a better sharing ...

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
The Australian Taxation Office (ATO) is rising to the challenge of efficiently regulating the self-managed superannuation sector, according to Challenger's chairman of retirement income Jeremy Cooper. Cooper said that, contrary to perceptions that it ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
Industry Super Australia (ISA) has argued to a Senate committee that the proposed amendments to the Future of Financial Advice (FoFA) "go too far by diluting both the conflicted remuneration prohibition and the best interests duty." ISA deputy chief ...

Looming pension deeming rules "lack clarity"

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... for financial investments up to $46,000 for single pensioners, andA $77,400 for pensioner couples. If the rules bill becomes law the deeming rules will include superannuation pensions, taking effect from 1 January 2015. It could mean less Age Pension ...

(Back) wages

BENJAMIN ONG  |  THURSDAY, 20 FEB 2014
... closures, the unemployment rate on an uptrend how could we miss it? It's the classic classical economists' credo known as 'Say's Law' (popularised by French economist Jean Say in the 19th century) that says that, "in a free market workers would always ...

Advisers to review privacy compliance

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
Advisers have until March 12, 2014, to ensure their privacy compliance measures meet new privacy principles. The new Australian Privacy Principles require personal information to be handled in an open and transparent way, which means that financial ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
... the 10th annual SPAA conference in Brisbane, the former High Court judge said newspaper reports had overlooked the common law requirement for advisers to always act in the best interests of their clients. "If it should come about that some aspect of ...

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... to gain the public's confidence because with super, we need reliable advice." He said that advisers "need to go beyond the law to gain the confidence of Australians" and he expressed concern "that the financial advice sector hasn't yet gained the trust ...

EQT hires AMP exec to target financial adviser relationships

MARK SMITH  |  TUESDAY, 18 FEB 2014
... service to advisers." Papakonstantinos holds a master of applied finance from Macquarie University, Melbourne, a bachelor of law/economics (majoring in finance) from La Trobe University, and a diploma in financial planning from Kaplan.