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Showing 271 - 280 of 2019 results for "Legislation"

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... Financial Service Providers Register," he said. The new licensing requirements were mandated by the Financial Services Legislation Amendment Act (FSLAA), which took effect in 2019. The act also mandates advisers to adhere to the Code of Professional ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR in promoting consumer trust in financial advice, the FPA expressed ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... raised concerns, along with the administrative and financial burden for individuals who inadvertently fall foul of the legislation. Previously, the Listed Investment Companies & Trusts Association (LICAT) also criticised the proposed changes, warning ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... which includes whether schemes should be brought within the scope of the Compensation Scheme of Last Resort (CSLR), legislation for which was once again introduced to Parliament just yesterday. This will come as a blow to the likes of the Financial Planning ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... little as 3.1 cents on the dollar. The Financial Services Council (FSC) welcomed the introduction of the CSLR and FAR legislation into Parliament as a positive step towards the implementation of the Royal Commission into Banking, Superannuation and Financial ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... equitable and sustainable way. The consultation recommends that the proposed objective of super be established in legislation, to provide stability and certainty for regulators, policymakers, and government. This will promote transparency and accountability ...

Government housing measures progress

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... Future Fund that will deliver 30,000 affordable homes has passed. Minister for Housing, Julie Collins confirmed the legislation to deliver the single biggest investment in affordable and social housing in more than a decade passed the House of Representatives ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics Legislation Committee, Longo spoke of the importance of transparency and accountability. "I welcome accountability, it's a very important ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
... as we have so far." AvSuper had planned to merge with CSC, but that has now fallen through as "required changes" to legislation are unlikely to be delivered in 2023, AvSuper said. As recently as mid-December AvSuper said due diligence on the merger was ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... a -3.6% loss and the average red state pension fund showing a -6.2% loss. "If this effect is due the recent state legislation on US investments, the long-run costs could become significant," Rainmaker said. "This result does not address political tensions ...