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Showing 511 - 520 of 2047 results for "Legislation"

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' Interests First (PMIF) legislation and COVID-19, according to the firm's 2020 underinsurance report. The PYS and PMIF legislation in particular have played ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... government's position on the planned SG increase decision, status of comprehensive income products for retirement (CIPRs) and legislation for the revamped heat maps test announced at the budget. Grattan has previously flagged it expects the review ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... Planning Association of Australia threw its weight behind the proposed protocol. In its submission on the proposed legislation, the FPA suggested reference checking should go further than just looking at those financial advisers giving personal advice. ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... enforced," he said. "It is good news for consumers. Insurers cannot get out of paying claims by referring to outdated legislation." The test case was brought by AFCA on behalf of a tourist park business that experienced interruption due to the ongoing ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... Sunsuper, with a few changes to align the insurance with Sunsuper's offering and the Putting Members' Interests First legislation. For example, the IAG & NRMA plan adjusted insurance when age or salaries changed, but Sunsuper adjusts insurance twice ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... spend other peoples' money," she said. These disclosures will work in conjunction with APRA's Member Outcomes legislation that was introduced in 2017. Hume went on to highlight the benefits of the upcoming Your Future, Your Super reforms, which ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... breaches of the codes may be subject to a penalty of up to 300 penalty units, the bill shows. Commenting on the new legislation, director of Super Consumers Australia Xavier O'Halloran said the cost of being sold into a poor quality super fund can ...

BT reduces wholesale fees

ELIZA BAVIN  |  TUESDAY, 10 NOV 2020
BT has reduced the management fees of the BT Multi-manager Funds to keep up with new legislation taking effect in the New Year. Effective 1 November 2020, BT said changes to the adviser fee function in the BT Wholesale Multi-manager Funds have been ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... an estimated $7.1 million. The NT government flagged the bungle in December 2019 as a result of misinterpreting tax legislation and coding errors. The issues came to light after the Australian Taxation Office published advice relating to the application ...