Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 1264 results for "Federal Government"

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... making". #Budget18 - Gerard Brody (@gerardbrody) May 8, 2018 Consumer advocate Gerard Brody highlighted the Federal Government's update on its Retirement Income Framework. SMEs will continue to be able to write off assets up to value of $20K until 30 ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
The Federal Government will accelerate the development of retirement income products and means testing could come as early as 1 July 2019. In Tuesday night's Budget, the Government said it will introduce a retirement income covenant that will require ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... pre-budget submission, the association representing 13,000 financial planners sets out 19 recommendations to the Federal Government. All but one of these recommendations are the same as last year. The only new request is a 'pension advice allowance' ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
The Federal Government has agreed to strengthen some of ASIC's powers but has deferred acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings. In its response to the Senate ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
Four industry figures, including a prominent Sydney financial planner, have been appointed to the board of the Australian Financial Complaints Authority (AFCA). The new members are Claire Mackay, Andrew Fairley, Erin Turner and Alan Wein. They join ...

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
... and September 2017 quarters, the number of funds wound up spiked - the largest over a six month period. The Federal Government recently announced it will expand the maximum number of members from four to six. Revenue and Financial Services Minister Kelly ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... their super as an allocated pension and then draw down the minimum income," Gebler said. On May 8, when the Federal Government announces the annual budget, an update on the planned increase of the superannuation guarantee (SG) is expected. Melbourne-based ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
The Federal Government announced it will expand the maximum number of self-managed superannuation fund members from four to six - a proposal welcomed by the SMSF Association. Revenue and Financial Services Minister Kelly O'Dwyer said the change will ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... attract penalties which include gaol time. That's how serious these things are," Morrison said. He added the Federal Government is committed to increasing ASIC's power and resources, and has established the Australian Financial Complaints Authority (AFCA). ...