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Showing 511 - 520 of 2022 results for "Legislation"

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 ...

ASIC relaxes IPO red tape

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... issuance of regulatory relief. Following a public consultation in February 2020, the corporate regulator has amended the legislation to grant relief for voluntary escrow arrangements requested by public companies and pre-prospectus communications to ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
Link Group has posted disappointing FY20 results across the board weighed down by tough trading conditions and increased regulatory costs. Compared to last year Link posted a 12% fall in statutory net profit, a 27% fall in operating net profit after ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... earnings were impacted by lower investment related revenue due to weaker investment markets, Protecting Your Super legislation, and product fee reductions. Controllable costs decreased by $1 million, down to $246 million in the first half, reflecting ...

IOOF, LUCRF Super on ERS workload

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
IOOF and LUCRF Super have revealed that the government's early release of super program was one of the most challenging elements of the COVID-19 pandemic to adapt to. IOOF head of fund statutory reporting Paul Tsironis said that ERS resulted in a huge ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... 2006. "A significant proportion of the potential reporting issues relate to a range of complex scenarios where the legislation requires Westpac to exercise judgement on how multiple transactions may be aggregated and whether a threshold transaction has ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... their super funds will have to cancel their insurance as a result of the government's Putting Members Interests First legislation," Hume said. "This simply is not true. If an account doesn't have enough money to cover premiums then coverage won't continue ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... superannuation. "We expect it will highlight areas of strengths and weaknesses. There will be much to ponder and no doubt more legislation to follow," Rice Warner said in a note today. "Let us hope that politicians and the industry focus on the critical ...