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Showing 391 - 400 of 682 results for "Shorte"

Trustee reforms risk being neutered

ALEX DUNNIN  |  THURSDAY, 26 APR 2012
Speculation is growing that superannuation minister Bill Shorten will announce reforms to the operation of trustee boards, but if the reforms don't take account of trustee companies the reforms will be toothless. The Australian Financial Review and ...

CGT relief paves way for super mergers

MELANIE TIMBRELL  |  TUESDAY, 24 APR 2012
Merging superannuation funds will receive capital gains tax relief in the upcoming Budget, opening the way for the finalisation of a raft of proposed mergers, particularly in the not-for-profit superannuation space. Minister for Financial Services and ...

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
Two days after opposition Treasurer Joe Hockey said in a landmark interview that Australia needs to end its cult of welfare entitlement, speculation is rising the government is considering a clampdown on untargeted superannuation tax concessions. On ...

Market solutions favoured in OTC derivative reform

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
The Council of Financial Regulators has recommended a preference for market-led solutions, in part driven by appropriate regulatory incentives to comply with a G20 commitment on OTC derivatives. The Government released the consultation paper yesterday ...

Budget tightening to hit IMR

MELANIE TIMBRELL  |  WEDNESDAY, 11 APR 2012
Revenue constraints and an unwillingness to concede reductions in the tax base may impact the timing of the Investment Manager Regime. That was the inference made by Treasury official Rob Heferen at the Senate Standing Committee on Economics yesterday. ...

Member interests and employer choice paramount

ELISE BURGESS  |  TUESDAY, 10 APR 2012
Member interests and not the interests of competing funds is paramount for default super, said FSC and the AIST in their parliamentary submissions. The Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC) have ...

Super potential underrated by Aussies

ELISE BURGESS  |  TUESDAY, 10 APR 2012
Baby Boomers rate financial independence as costing $750,000 and wish to retire early but do not see their superannuation as the answer, reflecting a change in sentiment. In a new study assessing attitudes to individual financial health, Baby Boomers ...

Shorten demands clarity of stance on SG rise

MELANIE TIMBRELL  |  MONDAY, 26 MAR 2012
Minister for Financial Services Bill Shorten has hit back at the opposition leader's comments on the superannuation guarantee increase, asking for a clarification of position. Last week's passage of the minerals resource rent tax legislation with changes ...

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
The Future of Financial Advice legislation has successfully passed through the House of Representatives to very mixed reactions from the wealth management industry. Minister for Financial Services Bill Shorten called the legislation "historic reforms" ...

FOFA opt-in amendment in full

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The government has moved to clarify the FOFA amendment relating to opt-in. The amendment, as seen by Financial Standard this afternoon, states: Corporations Amendment (Future of Financial Advice) Bill 2011 Schedule 1, item 10, page 8 (after line 19) ...