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Showing 461 - 470 of 2047 results for "Legislation"

Family law super reforms released

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
The government has released the long-awaited exposure draft legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. The exposure draft legislation will use information held by the Australian Taxation ...

Potential small carve out for annual renewal law

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... disclosure statement. The Association of Financial Advisers (AFA) has identified practicality issues with the new legislation set to take effect on July 1 and is pushing for the changes. Under the annual renewal for ongoing fee arrangements, the new ...

ECPI draft legislation released

ANNABELLE DICKSON  |  MONDAY, 24 MAY 2021
The government has introduced exposure draft legislation to reduce red tape for super funds when calculating the exempt current pension income (ECPI). The minister for financial services, superannuation and the digital economy Jane Hume said the draft ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... recently in the Australian Federal Treasury's prediction of life after JobKeeper. Speaking before the Economics Legislation Committee on March 24, treasury secretary Steven Kennedy warned that between 100,000 and 150,000 recipients of the $90 billion ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... occupations. The most significant of the five amendments that Labor will seek are across stapling. First, it wants the final legislation to turn on stapling only after the new APRA tests have removed dud funds from the system. Second, it wants the superannuation ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... sector. While the association welcomed the plan to establish a single disciplinary body, the FPA said the current draft legislation doesn't really achieve its goal as it still requires AFSLs and corporate authorised representatives to be registered with ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... saying there is a real possibility that many people will be stapled to underperforming funds. And another part of the legislation could be a massive logistical issue for funds. The Annual Member Meeting (AMM) Notice requirements that are part of Your ...

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 ...