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Showing 3121 - 3130 of 3921 results for "law"

Legalsuper employer contribs jump 15 pc

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
... their funds under management to $1.5 billion. Andrew Proebstl, legalsuper chief executive, said, "An increasing number of law firms have invited us to participate in their default fund tenders and recent successes include being appointed default fund ...

Adviser banned for life

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
A financial adviser has been banned for life after using a retired faming couple's savings to fund a margin loan, ASIC said yesterday. Trevor Wayne Carll of Port Pirie, South Australia, worked for local planning business Bruce McDonald Investment Services ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
Financial advisers who break the law could face up to five years in jail and up to $200,000 in fines, based on proposed changes to industry laws. Currently a financial adviser that is found guilty of breaching their fiduciary duty could be charged a ...

US reforms open doors for tax-savvy advice

MATT WOODINGTON  |  WEDNESDAY, 9 FEB 2011
Financial planners in the US have welcomed proposed reforms that will call to an end a government ruling that stops them from recommending certain tax strategies. The planning industry welcomed the decision of the US Senate Committee on the Judiciary ...

Trustees review fine print

RUTH LIEW  |  THURSDAY, 27 JAN 2011
The twin themes of super funds gaining more scale and moving more of their investment management in-house will force trustees to add extra layers of governance or risk losing large sums of fund members' money, experts said. The recent case of AvSuper ...

More tax changes needed to aid local funds: BDO

MEDIA RELEASE  |  FRIDAY, 21 JAN 2011
... if it has an Australian source. But the question of the source of profits from share trading is based on antiquated common law concepts, said BDO. There are competing views as to how the source of profit from share trading should be determined, which ...

AvSuper loses case against fund manager

RUTH LIEW  |  FRIDAY, 21 JAN 2011
A judge has dismissed super fund AvSuper's claim against Commonwealth Managed Investments Limited (CMIL) and Colonial First State Property Limited, in a case regarding the super fund's entitlements in the Commonwealth Property Hotel Fund. CMIL and Colonial ...

Industry bodies unite to create Korea forum

MEDIA RELEASE  |  THURSDAY, 20 JAN 2011
The Financial Services Council has teamed up with the Australian Financial Markets Associations and Korean Financial Investment Association to establish a Korea-Australia investment forum. The three associations signed an agreement to create the investment ...

Tax reforms bolster local funds management

MEDIA RELEASES  |  THURSDAY, 20 JAN 2011
... United Kingdom's Investment Manager Exemption. The new regime addresses a key finding of the Johnson Report - that the tax law discouraged the use of Australian based investment advisers. Currently, Australia's taxing rules not only tax the fees earned ...

Proposed tax rules to help instalment warrants investors

MEDIA RELEASE  |  TUESDAY, 18 JAN 2011
The minister for financial services, Bill Shorten, has expanded the range of assets covered by the income tax look-through treatment for instalment warrants. The Government has decided to broaden the look-through treatment of instalment warrants for ...