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Showing 351 - 360 of 1325 results for "Parliament"

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... 12 months since the Final Report was released, the government has implemented 16 commitments, has legislation before parliament to implement another eight and has substantially progressed a further 35 which have been, or are currently being, consulted ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... Providing the most recent data from the ATO, ASIC answered the question which had been put on notice late last year. The parliament had asked ASIC commissioner Danielle Press if SMSFs with a value under $200,000, on average, produce negative returns. ...

IOOF identifies 67 high risk advisers

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
... business. The number comes as IOOF fronts the committee to answer questions previously taken on notice, as part of the parliament's review into the financial services and superannuation industry. The wealth manager also admitted to lagging behind when ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... single market - but will be outside the political institutions and there will be no British members of the European Parliament" and by this time next year, the UK would be completely divorced from the European Union (EU) with, or without, a deal. For ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... implementation roadmap, legislation establishing the new oversight authority is due to be consulted on and introduced to Parliament before June 30. Consultation on the recently introduced legislation closes on January 24.

Chief economist update: Australia burns

BENJAMIN ONG  |  MONDAY, 6 JAN 2020
... terms of the 2015 nuclear deal, lifting restrictions on centrifuges, uranium enrichment, etc. as well as the Iraqi Parliament approving a resolution expelling around 5000 US troops from the country. Whether or not this erupts into a full-blown US-Iran ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... the legislation which it said is "principles-based" but also includes working examples, reflecting the intent of the Parliament to ensure firms are best placed to apply the regime within their product offerings and distribution processes. ASIC said its ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... applicable client can reasonably be identified. The legislation was tabled later in the year and passed both houses of parliament on October 14. 6. NAB, Nippon lock heads over MLC In May, it was revealed NAB and Nippon were struggling with agree on spinning ...

Why joint effort is required in advice

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... explained why a united front is needed in financial advice as the bill to defer new education requirements is tabled in parliament. At the recent FPA Professionals Congress several industry associations were present - all of them keen to demonstrate ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ...