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Showing 381 - 390 of 2047 results for "Legislation"

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... Most of the instruments will automatically repeal or cease in the next two years if not remade, ASIC said. "Under the Legislation Act 2003, legislative instruments are repealed automatically, or 'sunset' after a period of time unless action is ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... Resort regime closer to passing, there are fears it will fall short of protecting consumers. The Senate Economics Legislation Committee released a summary of the proposed bill, with input from industry stakeholders, who largely voiced concerns that the ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... first announced it would scrap the $450 threshold in last year's federal budget, handed down in May. However, the legislation to do so was delayed for much of the year and, due to be considered in the final week of parliamentary sitting for 2021, was ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... performance. "Just like company directors, lawmakers must be held to high standards of governance," Rennie said. "Legislation should be justified, proportionate, consistent and effective. These reforms did not meet this test." One of CPA Australia's ...

Advisers can step up to retirement planning boom

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... advisers." Super Consumers Australia director Xavier O'Halloran said the passage of the Retirement Income Covenant legislation yesterday calls for stronger impartial, quality financial advice provided on retirement options and products. "To make ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... will have to provide a retirement income strategy for members to assist them in their later years under the new RIC legislation, embedded in the Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021. Under the strategy, trustees ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... if a penalty were to be imposed on it, or its directors (e.g., as a result of an inadvertent breach of Commonwealth legislation), and the trustee does not have sufficient capital to pay the penalty." Hostplus is just the latest in a series of profit ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... threshold to improve the retirement outcomes of low-income Australians. Its removal has bipartisan support and the legislation containing the measure was tabled late last year. "With the federal election due in the coming months, there are only a handful ...

Sequoia Financial Group acquires legal practice

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... child pensions, death benefit pensions, pension reversion amendments and pension commutation as ever-changing laws and legislation is implemented. As noted in a recent ASX press release, enhancing the breadth of services to the advice community is consistent ...

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... reporting, record-keeping, and custody of CCIV assets are some of the measures outlined in the Corporations and Other Legislation Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2021. The bill also sets out arrangements for ...