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Showing 411 - 420 of 2019 results for "Legislation"

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... Planning Principals Association are pushing the federal government to make structural changes to the scheme. The draft legislation proposes the CSLR to be a subsidiary of the Australian Financial Complaints Authority. This adds unnecessary red tape by ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... was set up 33 years ago as a fund for unclaimed or dormant superannuation funds, after the federal government's legislation made it mandatory for superannuation funds to transfer low-balance or dormant accounts to the ATO. AUSfund decided to transfer ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous disclosure ...

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... years' average in the APRA performance test. The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the first batch's performance test results before ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... members, according to Industry Super Australia (ISA). The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said it expects to mail out the first batch's performance test results ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Financial Advisers Register. There were mixed responses from critics. "As part of the consultation on the exposure draft legislation for the single disciplinary body, there were mixed views on whether all, or some, sanctions should be included on the ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... to be drawn into questions from the Liberal MPs as to whether the case warranted a closer scrutiny of class action legislation. "...I was wondering though, in all of that, do you think therefore we need class action law reform in Australia," Liberal ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... Commission, the Sex Discrimination Act will be updated so that it is not only enacted once victims complain. She hopes the legislation will put positive duties on employers, rather than counting on victims to report.

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... obligations which include taking steps to ensure that their representatives comply with financial services laws or credit legislation," the regulator said. A civil penalty applies for non-compliance. ASIC can also take administrative action if parties ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
... released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released July 19, proposes ...