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Showing 571 - 580 of 3206 results for "Scheme"

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
... retirement, so it's good to see the government moving to embed this in the law," said ISA chief executive Bernie Dean. The scheme has also increased the taxpayer-funded age pension burden, with every $1 taken out of super resulting in up to $2.50 ...

ASIC revisits IDPS sunsetting orders

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
ASIC is seeking feedback from the investment management sector as it reviews investor directed portfolio services (IDPS) and IDPS-like schemes, with a focus on remaking sunsetting class orders. ASIC has released Consultation Paper 369 (CP369) Remaking ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... its first Federal Budget, the government also pledged $531.6 million over four years to expand the paid parental leave scheme, allowing families to access up to 26 weeks paid leave by 2026. The reform includes reserved "use it or lose it" weeks for each ...

Future-proofing the super system: Rees

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... term." Recent research by George Washington University, Harvard and Australian National University found the early access scheme introduced during the COVID pandemic was predominately taken up by younger Australians in lower paid occupations and living ...

ASIC consults on sunsetting class orders

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... sunset on October 1. Class Order [CO 13/519] modifies the requirements for members to initiate a change of RE of a listed scheme. It clarifies that members must pass ordinary resolutions to remove and replace an RE. In the absence of this relief, the ...

Australian Retirement Trust lines up another merger

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... difficult for the trustees to reasonably argue it was in members' best financial interests to continue operating the scheme. The primary reason was that Alcoa lacks scale, meaning the costs to operate are much higher per member. It also cannot invest ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
Assistant treasurer Stephen Jones flagged he will prioritise the passage of the Compensation Scheme of Last Resort (CSLR) laws in a bid to strengthen consumer protections. "Right now, there are around 2000 cases on hold with the Australian Financial ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
Industry Super Australia (ISA) has warned against repeating the early release of super scheme that gave unrestricted access to retirement savings. The early release of super scheme allowed individuals to withdraw up to $20,000 of their retirement savings ...

E&P Investments hunts new RE

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
E&P Investments is seeking proposals for a responsible entity to replace itself as responsible entity for six of its managed investment schemes, including the US Masters Residential Property Fund. E&P Investments is currently responsible entity for ...

NSW Premier promises 'future fund' for children

CHLOE WALKER  |  TUESDAY, 14 MAR 2023
... Children in New South Wales will be given a dedicated savings fund worth up to $49,000 under a new government contribution scheme if the Liberals win the upcoming state election. Premier Dominic Perrottet said that the policy, which is expected to cost ...