Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 481 - 490 of 2020 results for "Legislation"

Reporting rules for charities relaxed

KANIKA SOOD  |  WEDNESDAY, 16 DEC 2020
... charities was recommended by a 2018 review of the charity regulator Australian Charities and Not-for-Profits Commission's legislation. It said the regulatory burden on charities should be reduced while retaining transparency and trust. "The reforms will ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... important, the most significant issue for the AFA and its members is the new annual renewal obligation. "Whilst the legislation does not entirely reflect our recommendation, it does incorporate some key elements, including one rather than three documents ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... extensive expertise and existing governance structures, avoiding the need to establish a new body to perform this role. Legislation implementing these reforms will be introduced into Parliament by June 2021. Further, the much-anticipated advice disciplinary ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' Interests First (PMIF) legislation and COVID-19, according to the firm's 2020 underinsurance report. The PYS and PMIF legislation in particular have played ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... government's position on the planned SG increase decision, status of comprehensive income products for retirement (CIPRs) and legislation for the revamped heat maps test announced at the budget. Grattan has previously flagged it expects the review ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... Planning Association of Australia threw its weight behind the proposed protocol. In its submission on the proposed legislation, the FPA suggested reference checking should go further than just looking at those financial advisers giving personal advice. ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... enforced," he said. "It is good news for consumers. Insurers cannot get out of paying claims by referring to outdated legislation." The test case was brought by AFCA on behalf of a tourist park business that experienced interruption due to the ongoing ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... Sunsuper, with a few changes to align the insurance with Sunsuper's offering and the Putting Members' Interests First legislation. For example, the IAG & NRMA plan adjusted insurance when age or salaries changed, but Sunsuper adjusts insurance twice ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... spend other peoples' money," she said. These disclosures will work in conjunction with APRA's Member Outcomes legislation that was introduced in 2017. Hume went on to highlight the benefits of the upcoming Your Future, Your Super reforms, which ...