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Showing 431 - 440 of 734 results for "Amendment"

Super governance changes questioned

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
The federal government's focus on accountability around conflicting interests in superannuation boards has been described as "curious" by lawyers reviewing proposed super governance legislation. A paper prepared by Hall and Wilcox Lawyers for the Australian ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The government has clarified uncertainty around the word 'independent' in its draft super governance legislation and agreed to a flexible transition period following consultation with stakeholders on new standards. In June, the Government released exposure ...

Frydenberg outlines tax changes

ALEX BURKE  |  MONDAY, 22 JUN 2015
... "[increase] Australia's economic competitiveness while restoring the budget." Specifically, the Tax and Superannuation Laws Amendment (2015 Measures No.1) Bill 2015 streamlines the Offshore Banking Unit (OBU) regime to include commodities trading, leasing ...

Draft amendments to OTC rules released

MARK SMITH  |  MONDAY, 1 JUN 2015
... trade. Draft amendments to the Corporations Regulations for both measures are contained in Corporations (Derivatives) Amendment Determination 2015 (No. 1) and the Corporations Amendment (Central Clearing and Single-Sided Reporting) Regulation 2015. Submissions ...

TASA breach costs business $900,000

LAURA MILLAN  |  WEDNESDAY, 27 MAY 2015
A tax and accounting business has been fined a record $900,000 penalty for breaches of the Tax Agent Services Act 2009 (TASA) that all financial advisers need to comply with. The Federal Court of Australia ruled against Peter Kolya and his Canberra-based ...

Super rules for women still unclear

DARREN SNYDER  |  MONDAY, 25 MAY 2015
... for a better system, and Greens MP Adam Bandt took up one of its recommendations by introducing The Sex Discrimination Amendment (Boosting Superannuation for Women) Bill 2014. According to Bandt the private member's bill would "ensure employers are able ...

Terminally ill granted early access to super

LAURA MILLAN  |  THURSDAY, 7 MAY 2015
... patients must obtain a certification from medical specialists that confirm they have less than 12 months to live. The amendment, effective from July 1, 2015, will change the life expectancy period to 24 months. "While this is a small regulatory amendment ...

Labor backs ASIC data retention authority

ALEX BURKE  |  MONDAY, 23 MAR 2015
Shadow Attorney General Mark Dreyfus voiced his support for amendments to the Government's data retention bill which authorise the Australian Securities and Investments Commission (ASIC) to retain telecommunications data for the purposes of investigating ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
... superannuation funds has passed through the Senate. Assistant Treasurer Josh Frydenberg has said the Tax and Superannuation Laws Amendment (2014 Measures No.7) Bill will make the "taxation of excess after-tax superannuation contributions fairer". Under ...

ECT reforms pass Senate

STAFF WRITER  |  THURSDAY, 5 MAR 2015
The Parliament has passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the ...