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Showing 421 - 430 of 2020 results for "Legislation"

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 ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... warned against regulatory loopholes and exemptions in the law, yet the Government is already poking holes in its own legislation. This should be about protecting consumers, not insurers' bottom line." Chief executive of Financial Rights Legal Centre ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... assumption that all their offerings must meet the requirements of the Product Design and Distribution Obligations (DDO) legislation. Releasing notes from the inaugural Superannuation CEO Roundtable that took place on April 30, ASIC and APRA said chief ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... Response - Better Advice) Bill 2021 in parliament on June 24. Otherwise known as the Better Advice Bill, the proposed legislation will see the remit of the Financial Services and Credit Panel (FSCP) within ASIC expand to regulating advisers, operating ...

Virtual company meetings to stay

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
The government has introduced draft exposure legislation that will allow companies to use technology in meetings while satisfying the Corporations Act 2001 requirements. These reforms make the temporary measures put in place during the COVID-19 pandemic ...

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
The government has passed legislation that will see the establishment of an independent body charged with reviewing the effectiveness of both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... billion," he said. "There are a lot of underperforming funds, no question... I think with the Your Super, Your Future legislation passing, there's going to be a much greater focus on this. The letter you have to write to members after two years of ...

Verve Super launches gender diversity index

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... and approach. The help of Future Super and Diversa oversee investment decisions in line with their duties under the legislation, Hobbs said. "We therefore worked closely with the team at Future Super to bring the index to life and to ensure it met appropriate ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... tax concession if her suggested amendment was to be passed into law. Meanwhile, another controversial piece of super legislation is to be debated this week - the Your Future, Your Super reforms. Industry Super Australia (ISA) today reiterated its concerns ...