Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 734 results for "Amendment"

FSC hails super choice amendments

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... step forward for default super. FSC chief executive Sally Loane welcomed yesterday's introduction of the Treasury Laws Amendment (Your Superannuation, Your Choice) bill to the House of Representatives, and said the changes - which will allow up to one ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
APRA has floated proposed revisions to prudential standards covering insurance in super, including requiring independent verification of insurance arrangements to ensure they are in the best interests of members. The prudential regulator has released ...

Calls for clarity on personal advice in DDO

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... financial products to be directly distributed to retail clients." Personal advice definition The FSC also thinks DDO's amendment to the definition of "personal advice" does not go far enough. Under current definition of personal advice in DDO, product ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... questions whether superannuation investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in April 2019 new requirements for ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 was first introduced to parliament at the start of August and passed ...

Milestone ETF Rule passed

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2019
Global regulators are taking notice of the maturation of exchange-traded funds, with the US Securities and Exchange Commission adopting a new rule to modernise their regulation. Twenty seven years on from the launch of the first ETF, the SEC has voted ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interests First super reforms passed through the Senate yesterday. The Senate passed ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... strengthened by stronger prudential standards and enforcement powers. Byres specifically noted the impact of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 and the new prudential standard ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... Commission," Treasurer Josh Frdenberg said. The regulations will commence in April 2021 as part of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019, subject to the result of the consultation ...