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Showing 471 - 480 of 1813 results for "Bill 2013"

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
The government will introduce legislation this week to end the payment of grandfathered commissions to financial advisers by 1 January 2021. Federal Treasurer Josh Frydenberg and assistant minister for superannuation, financial services and financial ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
New legislation will enforce stronger protections against dodgy employers who short change workers' superannuation savings via salary sacrifice contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... reforms through Parliament, almost untouched. Releasing the report into its inquiry of the Putting Members Interests First Bill (PMIF), the committee made just two recommendations: to delay the implementation date until December 1, and for the bill to ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
The Morrison Government is reviving its Consumer Data Right bill - which includes the Open Banking changes that would give consumers access to and control of their own financial data. The bill was reintroduced to Parliament and read today. Treasurer ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... Committee's inquiry into the Government's proposal. Steadfastly refusing to support the Putting Members Interests First Bill (PMIF), WIS' submission claimed the proposed reforms would affect many women and their dependants, including those ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
The peak bodies representing financial advisers have taken similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill  ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
The Government's move to require superannuation trustees to stop providing opt-out insurance to new members under-25 or with low balance accounts by October 1 has riled Australia's largest fund. Airing the fund's position on the Government's ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct. In an open letter to Labor's newly minted Shadow Assistant Treasurer ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Lifting the Superannuation Guarantee will make middle-income earners poorer over their entire lifetime, new Grattan Institute research shows. Raising the SG from 9.5% to 12% would see a 30-year-old worker fork out $30,000 over their lifetime, Grattan ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions. IMF Bentham and William Roberts will allege NULIS breached its ...