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Showing 541 - 550 of 2047 results for "Legislation"

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 ...

Pandemic exacerbated retirement confidence: Research

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... amounts; superannuation funds providing clear member communications to help navigate uncertainty; and regulators enacting legislation to ensure a transparent, efficient and robust system."

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... whether it should have intervened when AustralianSuper introduced a new fee named after the Protecting Your Super legislation. In January AustralianSuper increased its admin fee, saying that from April 1 members would start paying the 'Administration ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... jurisdictions in the world for litigation funders. Litigation funders have been under the spotlight recently, with new legislation requiring them to have an AFSL to operate in Australia. De Ferrari said he welcomed this new scrutiny of litigation funding ...

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... Australian consumers was a focus for both associations during the hearing. Liberal MP Jason Falinski asked whether "dumb" legislation had resulted in financial advisers being unable to service clients with less than a $1 million in investable assets ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday members have ...