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Showing 401 - 410 of 2046 results for "Legislation"

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 ...

HESTA pushes for net zero legislation

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
The federal government's refusal to commit to net zero by 2050 will lead to Australia losing a massive amount of green foreign investment, superannuation fund HESTA warned. At a recent Investor Group on Climate Change event, HESTA chief executive Debby ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... conduct peer reviews to assess misconducts and sanctions. ASIC will also administer the financial adviser exam. The legislation introduces new registration requirements for advisers and removes duplication for those advisers who provide tax (financial) ...

Industry slams Future Fund disclosure exemption

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... investing and operating on a global scale - forced to disclose exact values of directly held assets. The Investment Funds Legislation Amendment Bill 2021 amends the Freedom of Information Act to provide a partial exemption for documents handled by the ...