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

Search Results

Showing 481 - 490 of 834 results for "Regulations"

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... from a regulated superannuation fund otherwise than in accordance with the payment standards prescribed in the SIS Regulations." One illegal method highlighted in the explanatory memorandum was the use of specially setup SMSFs to transfer funds from ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... paper released in March last year, ASIC put forward a lengthy proposal for tightening up the regulation of MDAs. Draft regulations were due to be released in April this year. However, ASIC has now stated there will be no change to the rules, saying it ...

Standard Life Inv steps up shareholder activism

MARK SMITH  |  TUESDAY, 4 MAR 2014
Global investment manager Standard Life Investments has said it is enjoying the benefits of new regulations which promote shareholder activism. In 2013 regulators around the world introduced new laws and regulations designed to strengthen corporate ...

Regulators must enforce rules, not write them: Brogden

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
... and the Australian Securities and Investments Commission (ASIC), have too often strayed into the arena of writing regulations. While he said the FSC supports the "twin peaks" of APRA and ASIC, he said the "scope and role of the two regulators needs to ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... presentation to the 2014 SPAA SMSF National Conference held in Brisbane today. "The proposed winding back of the FoFA regulations is not good for the government or the professional sector, as they said they were minor. They are not minor changes." He ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
... Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition. Sinodinos said that the aim of pushing the amendments ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... claim, saying: "A court declaration of invalidity would operate retrospectively... financial advisers who relied on the regulations could be found to have acted unlawfully.A The regulations would therefore create significant uncertainty...and could well ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... catch-all clients' best interest requirement - are too fundamentally different from the original legislation to qualify as regulations. "The FoFA reforms were many years in the making," he said. "These weren't overnight reforms. Scandals including Westpoint ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities (DLAs). In December last year, the minister responsible for ...

CMCRC launches regulator tool to test market "fairness"

MARK SMITH  |  TUESDAY, 4 FEB 2014
... users to quickly and effectively visualise the results of changes made to markets, such as the introduction of new regulations (e.g. tick size changes, short sale restrictions), the entry of new market participants/instruments, or the opening of new ...