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Showing 501 - 510 of 2020 results for "Legislation"

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
... with our foreign investment rules," Frydenberg said. The draft fee regulations follow the broader foreign investment legislation reform package which was announced on June 5 and are the most significant reforms since 1975. The reforms include a new national ...

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... which Australian Bureau of Statistics reports are used to index AFCA's monetary limits and to correct a reference to legislation. A legislative cross reference to the definition of "CDR [Consumer Data Right] Participant" in AFCA's rules was written incorrectly. ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... transactions was not in question". "We take our obligations under Anti-Money Laundering and Counter-Terrorism Financing legislation extremely seriously. There is no suggestion that the transactions in question were suspicious nor that there were deficiencies ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
The cost of income protection cover via Tasplan will go up by 7.3% at the end of September. Tasplan attributed the increase to the trio of recent legislative reforms, current economic environment and increase in insurance benefits being paid to members. ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... interim report. The first will focus on the appropriate use of definitions in corporations and financial services legislation and is due by 30 November 2021, covering the consistent use of terminology and appropriate design of definitions. The second ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... are ongoing. "The decision to reset AMP's commercial terms was difficult but necessary given the recent changes to legislation following the Royal Commission resulting in significant economic changes and disruption across the industry. This includes ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
... the first major economy to do so. Speaking last week, the UK's work and pensions secretary Therese Coffey proposed legislation that would require occupational pension scheme trustees to consider the long-term financial risks posed by climate change. ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... units, changing managers or strategy, merging with an existing LIC or converting to an unlisted fund.Recent changes to legislation also stopped LICs and LITs from paying commissions to financial advisers. Zenith Investment Partners head of listed strategies ...

JobKeeper extension passed

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... Frydenberg took the opportunity to thank the opposition for the "constructive approach" they had taken in progressing the legislation through the parliament. "At an expected cost of over $100 billion, JobKeeper forms a vital part of the government's ...

Labor says yes, economists say no to SG rise

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
... built. "The parliamentarians are paying themselves 15.6%, so ordinary working people get 9.5%. The parliament said in legislation you can have 12% over five years and the liberal party is saying that's too good for [the average Australian]," Keating ...