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Showing 461 - 470 of 2185 results for "Framework"

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations and ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... product and that issuers do not provide a financial service," the law firm said. "However, with a proposed regulatory framework for digital asset platforms in the pipeline and ASIC challenging the positions of crypto issuers in the courts, it may be ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... further complexity, red tape, cost, and unintended outcomes to what is an already complex superannuation legislative framework. What is proposed is counter to both horizontal and vertical tax equity principles." The SMSFA also claimed the model could ...

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... AI, the structure of the industry and the cash flow earned by investors. Implementing a rigid and complex regulatory framework is likely to impose excessive costs but do little to protect society," Hebner said. "Unfortunately, such an outcome seems highly ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... Taxation Office in the first half of FY23/24. "While AFCA is not a regulator, we operate within the broader regulatory framework by providing information to regulators in accordance with our obligations. Our reports to regulators ensure they are promptly ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... Management Platforms (WMP) operators "advertising, promoting or else favouring superannuation products as part of a choice framework". The consultation, which wrapped up on 3 November 2023, proposes employers pay staff super entitlements on the same ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... and lower houses of parliament on 5 September 2023. The FAR aims to strengthen the responsibility and accountability framework for APRA-regulated entities in the banking, insurance, and superannuation industries, specifically among their directors and ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... these assets, alongside the encouragement of passive benchmark hugging. Another option would introduce a multi-metric framework to assess performance. A key benefit of the multi-metric approach is reducing negative behaviours like benchmark hugging ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... these needs. "TPD is a crucial safety net for those experiencing severe and long-lasting impairments, however its binary framework falls short in addressing the complex needs of Australians who experience temporary disability through injury or illness ...

Advisers show growing interest in ASX-listed Bitcoin ETF

ANDREW MCKEAN  |  TUESDAY, 5 MAR 2024
... approval for an ASX-listed Bitcoin ETF is not imminent. "There are still a number of hurdles from a regulatory and exchange framework perspective that must be worked through as well as approval from ASIC, before we will see a Bitcoin ETF on ASX," he ...