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Showing 311 - 320 of 2046 results for "Legislation"

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... pre-retirement standard of living. However, the taxation of super in Australia is complex and inequitable, with current legislation serving to benefit those who need it least; high-income earners, he said.

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... provision, and insurance product distribution. "To remedy this, 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 ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... cover financial advice services. AIST chief executive Eva Scheerlinck said she is concerned the existing anti-hawking legislation doesn't cover cold calling advisers who charge up to $6000 "to roll consumers from high performing, low fee profit-to-member ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... them back if compensation has been awarded." Jones went on to say that it's the government's intention to get legislation into the parliament during the spring session.

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... have no impact on receipts over the forward estimates period. The government is seeking comments on exposure draft legislation and explanatory material. Submission responses to this consultation opened yesterday and will close next Thursday.

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
... aims to improve the navigation of the law and remove duplication under a new legal hierarchy of; principles-based legislation, scoping order consolidated exclusions, exemptions, and thematic rulebooks. FPA chief executive Sarah Abood said the proposal ...

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 ...