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Showing 281 - 290 of 2046 results for "Legislation"

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 ...

Supercharging Australia's climate investment action

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... these programs, the government will enhance the disclosure frameworks encapsulated within the 2023 Safeguard Mechanism legislation. For example, it will develop a purpose-built Sustainable Finance Taxonomy, introduce a Sovereign Green Bonds program and ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... decision, adding to the regulations introduced to parliament late last year. In November 2022, the government introduced legislation aimed at ensuring no veteran pays higher income taxes as a result of the Federal Court decision in Commissioner of Taxation ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation Trustees (AIST) called out advice firms that ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... to attract and retain members - the introduction of 'stapling' members to funds under the Your Future, Your Super legislation has meant there is less automatic change to a new employer's fund when someone takes a new job." "So, in order to attract members ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... upon sale, the realised gains would face taxation again, she said. Also, despite the planned implementation of the legislation on 1 July 2025, it would still apply to unrealised earnings of assets already present within an individuals super account. ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... taking to address those risks," said KPMG partner, human rights and social impact Meg Brodie. "The introduction of that legislation and a reporting initiative started the conversation in what is a pretty nascent/emerging market for embracing human rights ...

Industry welcomes experience pathway consultation

CASSANDRA BALDINI  |  WEDNESDAY, 19 APR 2023
... to continue working with clients beyond 2026. The Financial Advice Association Australia (FAAA) welcomed the draft legislation, which states an adviser with 10 years of cumulative experience providing advice between 1 January 2007 and 31 December 2021 ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your Super legislation Jones floated yesterday under Superannuation Industry (Supervision) Amendment (Your Future, Your Super- Addressing Underperformance ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... environment, and it's not a good time to be restructuring assets," Bradford said. "Let's consider the human side of this legislation: farmers and small business owners, who have lawfully contributed to the superannuation system under laws that have allowed ...