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Showing 11 - 20 of 276 results for "Minister for Financial Services"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... the review of the Life Insurance Framework. The release of the indicative cost recovery follows minister for financial services Stephen Jones confirming the adviser levy freeze would not continue. In response to the tripling of the levy, the Financial ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... period of 10 years instead of eight years. In providing further details, assistant treasurer and minister for financial services Stephen Jones will mandate super funds that send notification letters to members of failing Choice products to adjust for ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... financial advice and ultimately benefit consumers. In releasing the first phase this morning, minister for financial services Stephen Jones wants to fix "a number of weaknesses in the current regulatory framework" for advisers. "Some rules that were ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Quality of Advice Review recommendations will become a reality for the wealth management sector. Minister for financial services Stephen Jones today unveiled a number of reforms that aim to remove the red tape that is restricting Australians from accessing ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... which opened last year. Speaking this morning at the Responsible Lending and Borrowing Summit minister for financial services Stephen Jones said the "unregulated and unchecked" BNPL market would be overhauled to safeguard vulnerable consumers. "Today ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
Assistant treasurer and minister for financial services Stephen Jones has detailed a three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... credits, which target share buybacks and capital raisings. In February, assistant treasurer and minister for financial services Stephen Jones introduced the Treasury Laws Amendment (2023 Measures No.1) Bill 2023. The purpose of the Bill is to ensure ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... government's first federal budget in October 2022 and received strong support at the time. Yesterday, minister for financial services Stephen Jones said it's the next step in ensuring investors are protected, noting that the framework hasn't ...