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Showing 291 - 300 of 2020 results for "Legislation"

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... Australia (ISA) said that the performance test should be applied consistently to all super products covered by the legislation. "It's not clear why it's necessary to introduce a differential test which undermines the intention of the performance ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... deposit-taking institutions (ADIs) six months after Royal Assent and for insurance and superannuation 18 months. "But with the legislation yet to pass the Senate, it's not clear when the Governor-General will give his stamp of approval," he said. He ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... information is made available to members, easily and consistently." Specifically, Jones said the government will introduce legislation aligning super funds' financial and accounting reporting obligations with those on public companies. This includes ...

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... encourage further investment into private markets, Frontier stated. It added that prioritising a reconsideration of RG 97 legislation, YFYS performance benchmarking, and input from super industry practitioners on policy development would be most bene ...

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... matter, exposed. Australian workers moving into hazardous sectors like building and construction deserve superannuation legislation that recognises their unique needs and protects them." However, in its submission, Grattan Institute argued that the simple ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... owners, clarifying that digital currencies are not taxed as foreign currency. The government said it will introduce legislation to clarify that digital currencies (such as Bitcoin) continue to be excluded from the Australian income tax treatment of foreign ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... requirements for SMSFs which was due to commence 1 July 2022 has been deferred until on or after the date the relevant legislation is passed. "Although the delay is disappointing, it is pleasing to see that the issue remains on the government's policy ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... check to ensure the validity and accuracy of an SMSF's financial statements and its compliance with superannuation legislation and regulations," he said. "The TPB decisions follow referral of intelligence from ATO compliance activity where we have ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
... left unprotected and financial advisers are footing the bill. "We believe the government should amend the proposed legislation to establish the scheme so that its design reflects a broader base that includes all participants in the financial services ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... commitments to the Australian Consumer and Competition Commission that they will obey all their obligations under the legislation and, once no longer needed, destroy all the information. They must also attest to APRA that the data will be managed in ...