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Showing 371 - 380 of 2019 results for "Legislation"

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... However, O'Halloran criticised the exclusion of self-managed super funds and their one million members under the legislation runs counter to the the Retirement Income Review's finding that there has been insufficient attention on assisting people ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... that Australia is the only market with no consistent implanted portfolio holdings disclosure regime. With the latest legislation now released after several postponements, the research house has expressed its disappointment with the outcome. The government ...

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
The superannuation portfolio holdings disclosure legislation has been finalised, with the government delivering a significant victory to super funds when it comes to unlisted assets and derivatives. Released yesterday, the final legislation shows a ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... profit-to-member funds will likely need to take similar action to ensure compliance," a spokesperson for the fund said. "The legislation disproportionately impacts industry funds which may need to fund a separate reserve of trustee capital to meet any ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... term. The federal government recently wrapped up its consultation on the Retirement Income Covenant exposure draft legislation. The new law would see superannuation trustees design a strategy for retirees or near-retirees that maximises their retirement ...

New Bitcoin fund promises tax efficiency

ELIZABETH MCARTHUR  |  FRIDAY, 5 NOV 2021
... investing in well-established North American-based bitcoin funds via a retail vehicle regulated under NZ financial markets legislation that can also extend to the Australian regulatory environment." He added that Vault intends to offer the fund in Australia ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... results as it did and is open to doing things differently going forward. "So, we fulfilled our obligations under the legislation, which was that we publish who passes and who fails, and also the ATO's YourSuper comparison tool is really the tool ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Two major pieces of legislation have been introduced in parliament, including the Compensation Scheme of Last Resort. The scheme facilitates the reimbursement of up to $150,000 to compensate consumers affected by bad personal advice, credit intermediation ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
The legislation that will see the merger of Sunsuper and QSuper through was passed this week. The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was passed by the Queensland Parliament on October 26, enabling the merger. The bill ...

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
... before the end of the year. If successfully passed, the changes will be implemented from July 2022. "In addition, the legislation reduces costs and simplifies reporting for superannuation funds by providing choice for superannuation fund trustees for ...