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Showing 271 - 280 of 2045 results for "Legislation"

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... stakeholders. The consultation period ends on July 27. The FRAA was a recommendation of the Hayne Royal Commission. The legislation for the FRAA's establishment passed in parliament in mid-2021. Less that two years since its establishment, the government ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... probably saw that, just before the federal budget, the government made an announcement that they intend to introduce legislation to have payday SG payments," he said. "So, a lot of us understand SG, at minimum, is due at the end of each quarter for eligible ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Blake Briggs said. "The FSC looks forward to working with the government to deliver on its commitment to introduce legislation implementing these changes before the end of this year, including strengthening consumer protections by tightening exemptions ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

TPB grilled over handling of PwC scandal

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... apply in this instance. Pushed further on why that was the case, O'Neill said it comes down to the structure of the legislation. "Can you take me to the clause in the Act that says you cannot fine someone who has betrayed confidential information, made ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... apply to licensees if a relevant provider whom they have authorised provides financial advice while unregistered. The legislation defines a relevant provider as "an individual who is authorised to provide personal advice to retail clients about relevant ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... inadvertently omitted some fees and costs from its product disclosure statement (PDS), resulting in a breach of RG97 legislation. This law mandates that funds disclose the amounts deducted from reserves that form part of administration fees and costs. ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... proposal, HESTA made three recommendations aimed at addressing the challenges faced by gig workers. Firstly, the proposed legislation should clearly state that the SG is a minimum standard for workers in 'employee-like' arrangements. The government ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
There are concerns that the proposed experience pathway legislation could create two tiers of financial advisers and confuse consumers about who is and isn't qualified to provide advice. As Treasury mulls over finalising education standards for ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... neutrality." Jones further explained that the responsible lending regime will be central to its approach. "However, our legislation ensures that the obligations of BNPL providers are scalable and technologically neutral. We will make sure they are the ...