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Showing 271 - 280 of 734 results for "Amendment"

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... make a dispute. AFCA's expanded jurisdiction followed the introduction of the AFCA Scheme (Additional Condition) Amendment Authorisation 2019 which requires AFCA, for 12 months, to accept complaints about conduct dating back to 1 January 2008, the ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... they are delivering sound, value-for-money outcomes for members. SPS 515 complements the newly legislated Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Act 2019, she said. Where the legislation ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... according to Industry Super Australia. That was the main point in the body's submission to Schedule 7 of the Treasury Laws Amendment Bill 2019 consultation. The bill seeks to close a loophole allowing employers to count a worker's salary sacrifice contribution ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
Super funds and life insurers have two weeks to air their opinions on APRA's proposed amendments to its margin requirements for non-centrally cleared derivatives. Consultation has opened for APRA-regulated entities to consult with the prudential regulator ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
The Federal Government is extending the unfair contract term regime to insurance contracts. Treasurer Josh Frydenberg said proposed amendments to the Unfair Terms in Insurance Contracts Bill 2019 announced this week is the result of the Coalition taking ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... (Supervision) Act 1993 was recently amended to facilitate the provision. The new law is also part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4. ASIC Commissioner ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... Hume revealed Coalition plans to introduce the legislation later this week, in a joint statement. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 implements the government's response to the final report, to end ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures under Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 in Parliament on July 24. One of the proposals aims to protect ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... particularly in light of the significant changes to default insurance and inactive accounts through the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 which took effect from 1 July 2019," WIS said. "There are already complications coming ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
The peak bodies representing financial advisers have taken similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill ...