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Showing 291 - 300 of 734 results for "Amendment"

Super calculators to align with MoneySmart

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
Superannuation and retirement income calculators will adjust the inflation rates they use after an ASIC instrument amendment. ASIC updated the instrument governing superannuation and retirement income calculators to require providers to adjust for inflation ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... complement the new Bill that passed in April and is now seeking consultation. Following the passage of Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Bill 2019, APRA is amending its strategic planning ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... new legislation could result in fewer choices being available for investors. The law in question is The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Power) Bill 2019 (Act), which was passed on April 5. It applies ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained. The prudential regulator released its new enforcement strategy alongside the enforcement review that commenced in November after its enforcement ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from providing insurance ...

NZ Super dumps guns

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... crown entity managing the fund - was a reflection of the passing of the Arms (Prohibited Firearms, Magazines and Parts) Amendment Bill, which sailed through the New Zealand Parliament with 119 votes for, and just a single against. The fund said the Guardians' ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans trustees from using goods or services ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... and the High Court found in the regulator's favour. Hughes explained: "Directors breached their duties by authorising amendment to the constitution of Prime Retirement and Aged Care trust which enabled $33 million to be paid out of fund assets without ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4, strengthens ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... new laws to improve design and distribution obligations or else face civil or criminal penalties. The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019 passed both Houses of Parliament overnight. ...