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Showing 311 - 320 of 2805 results for "Regulation"

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... ensure they are on the front of the wave, more interested in speed than safety, Hebner warned. "The track record of regulation suggests one major risk is a rush to action, without the benefit of rigorous cost-benefit analysis and a firm understanding ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... "It is likely that these 'surviving' platforms will be those that see a path to profitability while complying with regulation," Dunn said. "We also expect mergers between multiple platforms within the same financial services group. There will be pressure ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... were passed on to the Australian Securities and Investment Commission, 47 were referred to the Australian Prudential Regulation Authority and eight were referred to other agencies such as the Australian Taxation Office in the first half of FY23/24. "While ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... and publish an action plan, the report recommends. It also recommended the Financial Conduct Authority and Prudential Regulation Authority drop plans for businesses to report on diversity and set targets. "These proposals would not capture the many smaller ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... The Financial Sector Initiatives Regulatory Grid wants to give financial services providers better visibility of the regulation that impacts their businesses and allow them to engage with the government and regulators more effectively. Treasurer Jim ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
Artificial intelligence (AI) is perhaps the most transformative technology since the advent of the internet, poised to herald an unprecedented digital economic revolution. To appear at the precipice of the movement, some are employing deceptive tactics ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear deficiencies" in the current ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... those lucky enough to have a defined benefit scheme, they will enjoy deferred payments and rates of tax set entirely by regulation or legislation. For everyone else, they face an unindexed annual tax on unrealised capital gains... Labor's Division ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
Assistant treasurer and minister for financial services Stephen Jones has issued life insurance regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the ...