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Showing 311 - 320 of 734 results for "Amendment"

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 ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... actions, with the legislation before the Senate. "The Government calls on Bill Shorten and the Labor Party to support the amendment which acts on two of Commissioner Hayne's recommendations and would immediately enhance accountability of superannuation ...

FASEA confirms code of ethics standard

HARRISON WORLEY  |  TUESDAY, 12 FEB 2019
Following a period of consultation, the code of ethics set to govern the behaviour of financial planners and advisers from next year has been confirmed. On Monday, FASEA released the legislative instrument and explanatory statement of its code of ethics ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... traditionally been the case. Hayne also expressed hope that ASIC's use of enforceable undertakings may fall if the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018 (Cth) is enacted, which gives ASIC disgorgement ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... Hayne had actually gone a step further than ASIC enforcement taskforce's previous recommendations. The proposed amendment to the Section 29(3) of the Insurance Contracts Act could stop people from missing out on technicalities. "I think there is ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Nearly two weeks after the Productivity Commission unveiled its final report, has its push to overhaul the superannuation system fallen on deaf ears? Two legal experts discuss what could happen next. Following a three-year review that produced 31 recommendations ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The next phase of implementing the Corporate Collective Investment Vehicle regime is open for consolation. Stakeholders have until 28 February 2019 to make submissions on two proposed bills - the tax and regulatory component, and related explanatory ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with IOOF that will allow for the legal separation of the pensions and investments business. It will also allow the business' ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The Australian Council of Trade Unions said removing superannuation from industrial relations is "completely unacceptable" In a media release on Thursday the ACTU called out the final report's recommendation to install a best-in-show list of superannuation ...