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Showing 411 - 420 of 1271 results for "Federal government"

AFCA funding lacks transparency: AIST

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... lack of transparency around how the Australian Financial Complaints Authority will operate and be funded. The Federal Government recently released its AFCA funding model overview, which reflects some of the existing user-pays structure and industry-funded ...

SuperStream changes consultation opens

HARRISON WORLEY  |  THURSDAY, 19 JUL 2018
Consultation is now open for the Federal Government's draft regulations extending SuperStream to self-managed superannuation fund rollovers. Announced earlier this year, the Government's changes will allow SMSF members to initiate and receive rollovers ...

New lead for Productivity Commission

JAMIE WILLIAMSON  |  MONDAY, 16 JUL 2018
The Federal Government appointed a new chair of the Productivity Commission. Michael Brennan will commence as chair from September 11, replacing Peter Harris in the role. He has been appointed for a five-year period. Brennan is the deputy secretary ...

Government mulls reforms to tax residency rules

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
The Federal Government is considering an overhaul of the rules governing residency for tax purposes in Australia, recommending a person's residency be defined by the number of days they spend in the country in a 12-month period. The Board of Taxation ...

Aussie funds to access Asian markets

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
Both houses of Federal Parliament yesterday passed the Asia Region Funds Passport (ARFP) bill that will open up Asian markets for Australian financial services companies. The legislation was tabled in late March. Wealth management industry data manager ...

CIPR framework timely but questions remain

KARREN VERGARA  |  THURSDAY, 28 JUN 2018
... implementation timeline proposed in this year's Budget is "workable and sensible" but there are concerns the Federal Government should quickly address. This is according to SuperEd, the robo-adviser aiming to improve retirement incomes. In its submission ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
Group life insurance premiums are set to rise if the Federal Government implements proposed changes to default insurance in superannuation, according to KPMG. The firm's latest research forecasts a 50% reduction in group life insurance cover as a result ...

FASEA names new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
The Financial Adviser Standards and Ethics Authority appointed a new chief executive from APRA. Formerly general manager of APRA's specialised institutions division, Stephen Glenfield will take on the role from 1 August 2018. He replaces inaugural ...

Government opens consultation for amended CCIV regime

ALEX BURKE  |  THURSDAY, 14 JUN 2018
The Federal Government opened consultation to industry stakeholders for the first tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018. In August 2017, the Government called for initial consultation on the CCIV ...

Advisers must tread carefully on PLS

JAMIE WILLIAMSON  |  THURSDAY, 14 JUN 2018
... advisers are being warned to exercise caution and double check licensing requirements when advising on the Federal Government's Pension Loan Scheme as a retirement income supplement. As the Pension Loan Scheme is within credit licensing rules, financial ...