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Showing 331 - 340 of 1271 results for "Federal government"

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... have been made for a continuous period of 16 months. "No other actions may be taken to indicate activity." The Federal Government has told APRA it will pursue further amendments to the Superannuation Industry (Supervision) Act 1993, which underpins the ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... able to access their death cover earlier. CareSuper said the changes are being introduced in line with the Federal Government's Protecting Your Super Package. "Our new offering takes all this, in addition to recent claims experience, into account. For ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
In her first industry address since inheriting the superannuation portfolio, Senator Jane Hume reinforced the Federal Government's plans to fix the structural problems across the retirement system and ultimately improve outcomes for members. Speaking ...

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... Financial Complaints Authority after the Royal Commission are flawed and need urgent amendment. In February, the Federal Government expanded AFCA's remit to give it the power to review eligible financial complaints from 1 January 2008 onwards for the ...

Retirement income review welcomed: Poll

KARREN VERGARA  |  THURSDAY, 6 JUN 2019
The Federal Government's pledge to review the retirement income system and the numerous proposed improvements to superannuation has been welcomed by readers polled in Financial Standard 's latest survey. More than half (53%) of the respondents applauded ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
"Anything that could go wrong will go wrong." - Murphy's law. It seems like it for us, Australians all. The latest (although dated) GDP growth figures showed that domestic economic growth slowed to its slowest pace in a decade (in the midst of the ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... for industry superannuation funds, Industry Super Australia, suggested industry funds could partner with the Federal Government with respect to infrastructure. In a media release welcoming the appointment of Hume and her ministerial colleagues to Treasury ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
The newly elected Federal Government has vowed to review the retirement income system and the numerous changes to superannuation that have been muted in the lead up to the election. Federal Treasurer Josh Frydenberg confirmed to the Australia Financial ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... the negatives from falling house prices are likely to outweigh the stimulus households will receive from the Federal government," AMP Capital senior economist Diana Mousina said. "It has indicated it will assist those property buyers with a deposit of ...