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Showing 451 - 460 of 834 results for "Regulations"

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... also resolve the issue of grandfathering. In addition to these changes, the government agreed yesterday to introduce regulations in the next 90 days to include additional PUP requirements. The PUP asked that the Statement of Advice (SoA) specifies that ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... right balance." Further, Whish-Wilson said that the government pushed through "a complicated set of protocols" via regulations so that the "big banks" would not have to change their 1 July compliance regime. Yesterday, the motion to disallow the government's ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... "While it is commendable that the Palmer United Party wishes to lift the bar on financial advice, the proposals for new regulations in three months are not adequate, and nor do they appear to address the fundamental problems with the existing regulations,"A ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... consenting to a number of requirements from Clive Palmer's party. Cormann said that the requirements would be introduced as regulations in the next 90 days. These include setting up a financial adviser register, informing clients about the adviser's ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
The Labor Party tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... financial advisers to sell superannuation and other products to Australians. ISA said that "the fine-print of the regulations reveals a range of loopholes and caveats," including the general advice exemption, allowing commissions on execution services ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. Palmer United Party (PUP) ...

Super funds procrastinate on holdings disclosure

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
... be regulated by the Australian Securities and Investments Commission (ASIC) rather than the Australian Prudential Regulations Authority (APRA), were extremely thorough, requiring public disclosure of all holdings down to the very last layer. "They were ...

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... opt-in." The banks are also lobbying strenuously for these changes to be implemented immediately by the making of regulations before 1 July." The organisation's chief executive David Whiteley expressed concern that "financial advice and product sales ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... about the government's proposed amendments to FoFA. "The government's changes to FoFA will be implemented through regulations to take effect on 1 July 2014 where that is legally possible," Cormann said. The statement is largely focused on commissions ...