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Showing 471 - 480 of 2047 results for "Legislation"

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. ...

ATO quizzed on readiness for stapling

KANIKA SOOD  |  FRIDAY, 9 APR 2021
... employer checks it expects, but maintained its readiness for a July 1 go-live. Appearing before the Senate Economics Legislation Committee yesterday, ATO assistant commissioner Larissa Evans said the manual checks with ATO for an employee's old account ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... powerfully against you if you are in an underperforming fund." Arter noted that Cbus supports the objectives of the legislation but disapproves of the passage of the bill without amendments. When asked whether the stapling measures are salvageable or ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... best-in-show MySuper list to be embedded in the pending Your Future Your Super bill. He told yesterday's Senate Economics Legislation Committee discussing the new legislation that members must be protected from being stapled to underperforming funds. ...