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Showing 31 - 40 of 111 results for "Stephen Jones"

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 and 2021-22. ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged he will adopt include the replacement of the Statement of Advice (SoAs) with an advice record that is ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... significant victory for over 2000 people, who have been waiting for a resolution on their cases," assistant treasurer Stephen Jones said. CHOICE chief executive Alan Kirkland said the creation of a compensation scheme was one of the most important recommendations ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... years instead of eight years. In providing further details, assistant treasurer and minister for financial services Stephen Jones will mandate super funds that send notification letters to members of failing Choice products to adjust for flag cost considerations. ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... advice and ultimately benefit consumers. In releasing the first phase this morning, minister for financial services Stephen Jones wants to fix "a number of weaknesses in the current regulatory framework" for advisers. "Some rules that were intended to ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Advice Review recommendations will become a reality for the wealth management sector. Minister for financial services Stephen Jones today unveiled a number of reforms that aim to remove the red tape that is restricting Australians from accessing financial ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... last year. Speaking this morning at the Responsible Lending and Borrowing Summit minister for financial services Stephen Jones said the "unregulated and unchecked" BNPL market would be overhauled to safeguard vulnerable consumers. "Today I am proud to ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... are some of examples that ASIC found guilty of greenwashing. The boost was first announced by assistant treasurer Stephen Jones last week, saying: "Sustainable business strategy has to start in boardrooms and in investment decisions, and not in the marketing ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
Assistant treasurer and minister for financial services Stephen Jones has detailed a three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards ...