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Showing 341 - 350 of 1267 results for "Federal government"

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
The Federal Government is committing an extra half a billion dollars to Australia's financial services regulators. Over the weekend, Treasurer Josh Frydenberg announced an extra $550 million would be dedicated to ASIC and APRA in the upcoming Federal ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... illness, relationship breakdown or even cognitive impairment as we age." The ABA's new guidelines come as the Federal Government moves to crack down on elder abuse with a new national elder abuse hotline and an $18 million investment into services to ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... update its definition from aggregate borrowings of less than $3 million to less than $5 million. Following the Federal Government's decision to allow mortgage brokers to continue collecting trailing commissions earlier this week, NAB said it will work ...

Government launches TPB review

HARRISON WORLEY  |  WEDNESDAY, 6 MAR 2019
The Federal Government launched a review into the effectiveness of the Tax Practitioners Board. In a media release on Tuesday Assistant Treasurer Stuart Robert said the review would examine the TPB's effectiveness in ensuring tax agent services are ...

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 ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
The Federal Government has opened consultation on a proposal to remove the exclusion of insurance claims handling from the definition of financial service. Industry stakeholders were worried about the unintended consequences of removing the exclusion ...

Institutional investors call out climate policy

DARREN SNYDER  |  WEDNESDAY, 27 FEB 2019
A collective of Australian institutional investors labelled the Federal Government's proposed $3.5 billion Climate Solutions Package as "more of the same", failing to properly address climate change risks. The Investor Group on Climate Change (IGCC) ...

Royal Commission and its one canoe message is on point

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
... after Cooper's comments, Assistant Treasurer Stuart Robert addressed the strong final day crowd. He said the Federal Government wanted to see the SMSF industry grow. Robert said Labor's franking credit policy was entirely aimed at the SMSF sector, and ...