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Showing 11 - 20 of 643 results for %22Labor Government%22

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... professionals and exempts them from undertaking further qualifications has passed both houses of parliament. The Labor government passed Treasury Laws Amendment (2023 Measures No. 3) Bill 2023 on September 6 in a bid to stem the exodus of experienced ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... need to change that." Jones, who is also minister for financial services, added: "Legislating an objective for super - a Labor commitment at the last election - will give confidence to the super industry and peace of mind to Australian workers that we'll ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... be appropriate safeguards to ensure the safe and responsible use of artificial intelligence." In the May federal budget, Labor backed the integration of quantum and artificial intelligence technologies into business operations and committed $41 million ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
As the government unveils a raft of updates to the superannuation performance test, due to take effect in August, some trustees are worried that it subjects Choice products to a rigid criterion. As previously flagged, all products will be subject to ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Cost of living pressures and the transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Women facing disadvantage are poised to benefit from this year's budget, as Labor promises to expand initiatives introduced in October 2022 that aim to tackle economic inequality. Federal treasurer Jim Chalmers introduced a number of measures on ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
ASIC will tighten its scrutiny of greenwashing as part of the Labor government's crackdown on protecting investors against investment scams and other misconduct from product issuers. Federal treasurer Jim Chalmers bolstered ASIC enforcement activity ...