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Showing 301 - 310 of 733 results for "Amendment"

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... grandfathered conflicted remuneration for financial advisers last February. The new regulations - in the form of a Treasury Laws amendment - propose to change the Corporations Regulations to allow any conflicted remuneration payable after 1 January 2021 ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... Banks have phased out these limited recourse borrowing arrangements under some political pressure. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 is still not passed, but if it is, the outstanding loan amount may increase ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... passage of a key Bill to strengthen APRA's enforcement powers however is hampering its new initiatives. Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019, which gives APRA greater power ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... retirement income and social security receiving Royal Assent late last week. The Social Services and Other Legislation Amendment (Supporting Retirement Incomes) Bill 2018 amends the Social Security Act 1991 and the Veterans' Entitlements Act 1986 to ...

Government consults on super legislation

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
A suite of amendments to Australia's superannuation legislation have been opened for consultation. The Federal Government has released draft legislation amending various pension related aspects of super legislation for consultation. On Monday, Assistant ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
A financial advice industry association is looking to take the Government to the High Court over the planned ban on grandfathered commissions, arguing the changes may not be constitutionally valid. The Association of Independently Owned Financial Professionals ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... year olds and those with low account balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 requires superannuation funds to only offer life cover to young members ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
AMP will take a $30m hit to the hip pocket if it is forced to send 370,000 low balance super accounts to the ATO. Following the Senate passage of the Government's centerpiece superannuation legislation late last week, AMP informed the market it would ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... signature superannuation legislation passed through the Senate, but not without victims. Last night the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 passed the Senate after a deal was struck with the Greens and after Labor ...