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Showing 571 - 580 of 2020 results for "Legislation"

Government moves to cut work test

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
The government is moving to act on one of its election promises by cutting the work test. Draft legislation released this week through the release of draft legislation which will allow Australians aged 65 and 66 to make voluntary super contributions ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... formed when the AMP Financial Planning association merged with Hillross Financial Services association, called the legislation "rushed" and said it was likely to result in poorer outcomes for Australians. TAA chief executive Neil Macdonald said: "We ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... legislative changes, such as the introduction of the Protecting Your Super (PYS) and Putting Members' Interests First (PMIF) legislation. Defence Bank Super said TAL advised that the legislative changes have "created pricing pressure for insurers who ...

Coronavirus no match for Future Fund

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... coronavirus outbreak, thanks to its diversification. Appearing before the Senate Finance and Public Administration Legislation Committee in Canberra yesterday, Arndt was asked about the Future Fund's capacity to handle the investment impact of the ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... interests of all members. They also pointed out there were several regulatory approvals still to clear, and noted legislation would need to be passed to enable any partnership. QSuper chair Don Luke said the discussions had stepped up after both funds ...

Gender diversity remains static, women still disadvantaged

ALLY SELBY  |  TUESDAY, 3 MAR 2020
... to 22% by the end of 2018, according to the most recent available data." It argues this lift could be thanks to new legislation introduced in September 2018, which mandated that every public company in California have at least one female director on ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open for consultation would stop Australians paying for financial advice from their MySuper accounts. The Financial ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... losses and the impact of regulatory reforms, including the Putting Members Interests First and Protecting Your Super legislation. However, Link pointed to "strong underlying member growth" and improved fee for service revenues as keys to underpinning ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... July." ASIC said the guidance will provide practical examples for mortgage brokers to follow. "Consistent with the legislation, the draft guidance is high-level and principles-based, but also incorporates practical examples," it said. "The purpose of ...

SMSFs interrupted in 2019: SuperConcepts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... year are still yet to eventuate. Speaking at the 2020 SMSF Association conference, Burgess said that when it comes to legislation, 2019 was "interrupted". He pointed out that several pieces of legislation with a proposed start date of 1 January 2020 ...