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Showing 551 - 560 of 2020 results for "Legislation"

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... realisation that these difficult times require pragmatic solutions that might not be in strict accordance with the legislation." The ATO also provided guidance relating to LRBAs and rent and interposed entity relief that Maroney said were concerning ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... Additionally, $205 million was written off as impacts from the implementation of the government's Protecting Your Super legislation. Even when taken without those impacts, AMP's Australian wealth management arm still suffered to the tune of $1.3 billion ...

AIOFP launches fresh campaign, criticises FPA

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... current activities are only 'temporally' suspended." The paper also includes a theory on the motives behind some of the legislation that has impacted independent financial advisers. One of those theories is that FPA supports the agenda of large institutions. ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... the company they work for and wants to see JobKeeper consider workers needs before employers'. "We will support the legislation even if our suggestions are not adopted," Albanese clarified. "Never let the perfect be the enemy of the good, and this is ...

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... Federal Court. Mayfair 101 responded with a statement strongly maintaining that it is compliant with all relevant legislation. The company said it will "vigorously" contest ASIC's proceedings. "Mayfair 101 has cooperated with all ASIC's information ...

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
... workers." The Labor Department has implemented several new provisions to enhance employment benefits, it said. "That legislation also contains significant incentives for businesses to retain workers and continue paying them, which will put businesses ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... met." He also wants to see ASIC take more of a facilitative approach (as it did with the FASEA Code of Ethics) with legislation passed or in the pipeline including the FASEA exam. "Any and all of these initiatives would free up adviser capacity to allow ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... at end of December. The Future Fund was set up in 2006, to support the government's unfunded liabilities. The legislation set two conditions for withdrawals: either the fund reaches a target asset level (as decided by the designated actuary, currently ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... spokesperson for TAL said the insurer does not comment on specific client arrangements but did say that the impact of PYS legislation is being felt. "The effect of legislation introduced in 2019 in relation to the provision of life insurance through ...

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
... increase its insurance premiums for the first time in 12 years as a result of the Putting Members Interests First legislation. ESSSuper put insurance premiums on death only and death and total and permanent disability up by 5%. Income protection premiums ...