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Showing 11 - 20 of 9827 results for "Government"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... forms of class actions are filed that seek to bring about changes in the law or conduct, or to hold businesses and government to account... We expect the trend of ever-expanding ESG class actions to keep pace with developments abroad," Allens said. "In ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... fund the Compensation Scheme of Last Resort's (CSLR) first year of operation, drawing outrage from the sector. The government released its estimates for the first and second phase of the levy period. In the first round, the advice sector's levy ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets. The Castlerock Government Property Fund invests in state and Commonwealth government properties spanning five states. The 10-year-old ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... and do not reflect the current social and economic climate," Treasury said. "The amendments are consistent with the government's proposed objective of superannuation, to deliver income for a dignified retirement, alongside government support, in an equitable ...

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... Europe, while a third is regulatory capture, which seems likely given the high stakes and dearth of AI expertise in government." Hebner said a balance needs to be struck between encouraging innovation in AI and ensuring safety for citizens. "Mistakes ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
The Greens will propose changes to the government's Paid Parental Leave Bill (PPL) to ensure that superannuation is paid on PPL from July 1 this year. Earlier this month, the government announced that the PPL scheme will include superannuation guarantee ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
The federal government is launching an initiative to provide transparency and better coordination in how it regulates financial services firms to alleviate their compliance costs and burdens. The Financial Sector Initiatives Regulatory Grid wants to ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... rise, coming in at $27.1 billion last financial year, and predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and 95% of home care, which the taskforce describes as "not an optimal or fair mix." ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... superannuation funds at the onboarding process. Employment Hero chief executive Ben Thompson is accusing Hostplus of asking the government to pass such laws, saying a "Bill of Attainder against Employment Hero is because they will benefit from less choice ...