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Showing 501 - 510 of 734 results for "Amendment"

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE  |  MONDAY, 24 MAR 2014
... Parliament last week limited the general advice exemption, but did not explicitly forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014, however, did address the issue of conflicted remuneration in general advice. The government ...

Senate Economics Committee to hold inquiry on FoFA bill

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... before it is tabled in the Senate. The Senate Standing Committee for Selection of Bills decided to refer the Corporations Amendment (Streamlining of FoFA) Bill 2014 to the Economics Committee after it was introduced to the House of Representatives on ...

Industry receives FoFA bill with mixed feelings

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... said that the Association would have liked to see an explicit ban on commissions for general advice in the Corporations Amendment (Streamlining of FoFA) Bill 2014 that the government introduced yesterday to the parliament. The FPA supports the removal ...

Labor hopes to disallow FoFA amendments

JAMES FERNYHOUGH  |  THURSDAY, 20 MAR 2014
The amendments to the Future of Financial Advice (FoFA) reforms may yet be blocked by the Senate, even though they will initially be pushed through as regulations rather than legislation, according to opposition spokesperson for superannuation and financial ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... Parliament yesterday has limited the general advice exemption, but does not explicitly forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014 did address the issue of conflicted remuneration in general advice. The government ...

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
... the bill to amend the Future of Financial Advice (FoFA) reforms was introduced to parliament today. The Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 saw an 11th hour amendment to the general advice component which restricts ...

FoFA changes to be tabled today

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The government's amendments to the Future of Financial Advice (FoFA) are due to be tabled in federal parliament today. It is not clear whether the government will introduce all or some of the amendments to parliament. Dante De Gori, general manager ...

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Financial Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by ...

Consumers join FoFA debate

JAMES FERNYHOUGH  |  TUESDAY, 18 MAR 2014
Consumers have added their voice to the debate over the government's amendments to the Future of Financial Advice (FoFA) reforms, with the launch of the 'Save Our FoFA' campaign. The campaign, started by consumer advocate Christopher Zinn, aims to raise ...

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) ...