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Showing 21 - 30 of 48 results for "Safe Harbour"

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... Many other hot topics for the industry are on the table for review - including life commissions, annual renewal, safe harbour and disclosure requirements including Statements of Advice.

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... that participants believe there is merit and value in reforming the provisions. This could either be removing the safe harbour completely or removing the safe harbour but enhancing FASEA's code of conduct The FSC prefers the latter approach which ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... money," treasurer Josh Frydenberg said. The government is also extending the central control and management test safe harbour from two to five years for self-managed super funds (SMSFs) and removing the active member test for both fund types. As such ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... 2022, Hayne said, and look at areas like how effective regulation has been in improving the quality of advice and the safe harbour provision. The LIF reforms commenced on 1 January 2018, which capped upfront commissions on life insurance products at ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

Regulator frets over SPAC boom

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
... on any such difference." He added that law makers could not have predicted the SPAC boom, so it is important that safe harbour laws are revisited to make sure investors are protected. The SEC's renewed focus on SPACs comes as Citigroup's quarterly results ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... Division 7A of the ITAA 1936 for the loan not to be treated as a deemed dividend and the requirements of the ATO's safe harbour provisions for the relevant income received by the fund not to be taxed as non-arm's length income," he said. While safe-harbour ...

FASEA urged to clarify in-house product conflicts

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
... financial advice. In the latest guidance, FASEA clarified that where advice is in the best interests of the client, safe harbour has been followed, fees are reasonable and disclosure has been made, standard three is likely to have been met. IMAP said ...

ASX suffers worst quarter in over a century

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
... Q1 in positive territory, rising of 2.1%. "Companies with low leverage and high return on equity offered relative safe harbour among our factor indices, with the S&P/ASX 200 Quality index outperforming its benchmark by 12% in March," it said. Kyle Rodda ...

Why Vanguard won't do gold ETFs

KANIKA SOOD  |  THURSDAY, 12 MAR 2020
... manager stays away from niche sectors like robotics or even ASX subsectors like financials. However, gold, given its safe harbour status and recent inflows (ETFS Physical Gold had $1.2 billion in assets as at January end, while Perth Mint Gold had $322 ...