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Showing 491 - 500 of 1271 results for "Federal government"

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
The Federal Government is seeking public consultation on the long-awaited legislation for the Asia Region Funds Passport and Corporate Collective Investment Vehicle (CCIV) regime. The exposure draft legislation for the Asia Region Funds Passport explains ...

Independent director joins Westpac board

KARREN VERGARA  |  TUESDAY, 22 AUG 2017
... is also a member of the University of Technology Sydney Vice Chancellor's Industry Advisory Board, and the Federal Government's FinTech Advisory Group. Westpac chair Lindsay Maxsted said Caesar's experience, particularly in technology and innovation ...

Major advice firm endorses first home super saver scheme

DARREN SNYDER  |  WEDNESDAY, 9 AUG 2017
A prominent financial advisory firm is backing the Federal Government's First Home Super Saver Scheme even though it has received backlash from superannuation industry bodies. Dixon Advisory believes the latest draft legislation proposes more flexibility ...

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
... such as for the Medicare Levy Surcharge which is assessed on the combined income of couples. Furthermore, the Federal government has flagged its intent to take family incomes into account in assessing higher education debt repayments." He added single ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
The Australian Council of Superannuation Investors is urging the Federal Government to introduce laws requiring companies to report on the steps they are taking to ensure supply chains are free of slavery. This, according to ACSI, will enable increased ...

In-house investment bears fruit for AustralianSuper

DARREN SNYDER  |  FRIDAY, 28 JUL 2017
AustralianSuper chief executive Ian Silk has flagged expanding the fund's internal investment team to manage more than half of its rapidly growing asset base. Australia's largest superannuation fund has previously said it is aiming to manage between ...

Industry funds sign off on $45 billion merger

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
... core, we are thrilled to embark on the next phase of our merger with Kinetic Super." The merger comes as the Federal Government has been actively encouraging consolidation in the industry, with the extension of the tax relief for merging funds extended ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
The Federal Government is powering ahead with further changes to Australia's $2 trillion superannuation system, garnering support from across the industry. The latest proposals will see the prudential regulator (APRA) be responsible for making it easier ...

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
Australian fund managers could see additional offshore funds flow into the sector following the Federal Government's commitment to clarify two key pieces of taxation policy. Announced by Minister for Revenue and Financial Services Kelly O'Dwyer this ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
The Federal Government will take action to close a loophole that allowed employers to short-change employees who chose to make salary sacrifice contributions to their superannuation accounts. The move follows the release of a Superannuation Guarantee ...