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Showing 21 - 30 of 1856 results for "Legislation"

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... minister for finance, women, and the public service Katy Gallagher explained that the delay was due to the need to pass legislation and set up systems to facilitate the payment. "We need to get the systems in place. It's not as straightforward as ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... do not get any complaints. "They go a whole year without any complaint. Unfortunately, one of the elements of this legislation is that [licensees] need to provide a report whether you've had any complaints or not. So, a lot of licensees will be doing ...

Jo-Anne Bloch to chair CSLR

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... relevant product or service. The government aims to ensure this intent is met through future amendments to the CSLR legislation, to provide further certainty to consumers about the scope of the CSLR. "As an interim step, amendments have been made to ...

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... director of SMSF services Katie Timms says farmers will be disproportionately impacted by the government's draft legislation Division 296 Tax. Commenting on the future of farming property at the SMSF Association Conference, Timms said market research ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... to have a defined benefit scheme, they will enjoy deferred payments and rates of tax set entirely by regulation or legislation. For everyone else, they face an unindexed annual tax on unrealised capital gains... Labor's Division 296 Tax is an unindexed ...

SMSFA reappoints Hay-Bartlem as chair

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... government's proposed new tax on SMSF balances exceeding $3 million as well as contributing to the ongoing debate on the legislation emanating from the Quality of Advice Review," he said. Hay-Bartlem addressed delegates at the opening of the SMSF ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... Insurance Regulations 1995 before they sunset, removing redundant provisions and making drafting improvements. The Legislation Act 2003 governs the sunset of legislative instruments, but the sunsetting date for the 1995 Regulations was deferred to October ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... competition, a shifting regulatory member focus and the skewed favourability of the Your Future, Your Super (YFYS) stapling legislation, will exert further pressure on funds to achieve membership based strategic objectives." Myers, a former executive ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... With proceedings underway against Mercer Super and Active Super, trustees will be aware that we will use every lever legislation affords us to eliminate this practice, and we will continue to monitor the superannuation sector for misleading greenwashing ...