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Showing 561 - 570 of 2020 results for "Legislation"

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... have been formalised and redundancy payments paid the issue may be more complicated. The government is drafting the legislation and plans to recall parliament early. Morrison said the legislation will take at least a week to draft and the opposition ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... withdraw as pension payments, and how much to spend," Rice Warner said. However, the firm said Australia's "outdated" legislation made financial advice too costly and slow to deliver, leaving the messages funds deliver to members "bland and related ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... "Parliament passed two packages worth $17.6 billion and $66 billion in response to the outbreak of the virus. In separate legislation, the government set aside a further $40 billion for urgent and unforeseen spending associated with the pandemic, likely ...

Super fund calls social media companies to action

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... dedicated to combating the livestreaming and spread of objectionable material across the platforms. The investors said legislation that governs these companies needs to be modernised to protect the public from exposure to similar content in the future. ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... Australian Labor Party has come under intense scrutiny in a Senate committee hearing. Appearing before the Senate Economics Legislation Committee, APRA deputy chair Helen Rowell was grilled by Liberal Senator Andrew Bragg over the prudential regulator's ...

Early access to super scheme results in permanent ban

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... licence or were authorised credit representatives of an Australian credit licence. ASIC found that he contravened credit legislation. The regulator also had reason to believe that Goldenberg is not a fit and proper person to engage in credit activities ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... will also need to seek express written authority and consent forms to deduct fees. The regulator released the draft legislation, based on the Exposure Draft Bill, so it can review submissions and finalise draft instruments before the planned commencement ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... it is aware of banned financial advisers still working in the advice industry. As part of the government's proposed legislation to implement the recommendations from the Royal Commission, a new protocol will apply to financial advisers which will require ...