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Showing 441 - 450 of 2020 results for "Legislation"

Life insurers getting into rehab concerning: SCA

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... Stewart said better data on members may potentially bring down premiums, while the Design and Distribution Obligations legislation will force superannuation funds to strip their insurance offers of anything that is not needed. Superannuation funds' ...

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... allowed to cancel a credit licence if the licensee has not engaged in credit activities for six months, under new legislation effective from 18 February 2020. Master Wealth Control has had a credit licence since 2011 but, according to ASIC, did not engage ...

Proxy advisers under scrutiny

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
Proposed new legislation will see proxy advisers forced to be much more transparent on how and why they vote on matters put to shareholders. The government is proposing to reform proxy voting by requiring superannuation funds to disclose more detailed ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
... can't recommend the Bill passes in its current form for reasons including its rushed start date. Senate Economics Legislation released its final report on YFYS reforms yesterday, a week later than initially planned. In the meantime, the Liberal government ...

Iress partners with regtech for DDO

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
... distributor and issuer contact and information for licensees and advisers by providing TMDs to them and their clients. "This legislation represents a challenge no traditional system or process in this industry can overcome, or that any one party can ...

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... delayed by a week, as superannuation funds await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator Slade Brockman, was tasked with producing the report on February 18. The due date ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... on TPD policies in the year. In group super, the spike may be attributed to lower premiums collected in 2020 after legislation turned off insurance on lower-balance accounts from October, and the early release of superannuation, which whittled away at ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
The government has commenced consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse. The legislation follows the budget announcement that the government would provide a targeted ...

Include ESG in BFID: FSC

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... argued. FSC, in its submission to the Treasury on Your Future, Your Super reforms, supported BFID. However, it wants legislation to clarify that long-term investment decisions, including those which incorporate ESG, are a part of the meeting the BFID. ...