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Showing 581 - 590 of 736 results for "Amendment"

MySuper flipping ban passes lower house

BEN COLLINS  |  THURSDAY, 23 AUG 2012
... reportedly shows that 12 of the 13 retail fund "families" exposed members to higher fees because of automatic transfers. This amendment is an important consumer protection mechanism that we support, said Fiona Reynolds, chief executive of the Australian ...

APRA tweaks insurance in super

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
APRA will change its stance on insurance in super, allowing registered superannuation entities to seek income protection through general rather than life insurance providers alone. Acknowledging that APRA's initial approach was prescriptive, deputy ...

Super governance Bill passes amid cries of favouritism

BEN COLLINS, MELANIE TIMBRELL  |  THURSDAY, 16 AUG 2012
... superannuation funds that it has over banks and insurance companies. Passed on Tuesday by a margin of five, The Super Legislation Amendment on Trustee Obligations and Prudential Standards implements some of the changes recommended by the Cooper Review ...

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
... Superannuation Funds of Australia (ASFA) and Industry Super Network (ISN) have flagged issues in the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012. The Bill would amend the duties of licensees and trustees ...

Future Fund defends tax havens

BEN COLLINS  |  FRIDAY, 10 AUG 2012
... stated yesterday. Several groups have made submissions to the Greens-driven proposal to amend Government Investment Funds Amendment (Ethical Investments) Bill 2011. The companies that the Future Fund invests in are not producing, "paperclips, dual-use ...

ASIC boosts Stronger Super education program

LINDA HAUSKEN  |  FRIDAY, 27 JUL 2012
The Australian Securities & Investments Commission has developed several initiatives to inform and educate the superannuation industry through the implementation of the Stronger Super reforms. The regulator's decision to assist the industry with complying ...

ASX small caps new listing rules finalised

MELANIE TIMBRELL  |  THURSDAY, 26 JUL 2012
The ASX has finalised new listings rules for small and medium sized companies following industry feedback on original proposals released in April. The ASX yesterday said the amendments strike a more complete balance between protecting shareholder interest ...

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... prohibition on acquiring assets from a related party," said Peter Burgess, SPAA's technical director. "For SMSFs, the amendment would most likely restrict the exemption available under section 66(2) to listed securities acquired from a related party ...

SuperStream passes Lower House

ALEX DUNNIN  |  TUESDAY, 19 JUN 2012
... is upbeat, the superannuation industry is still wary. The measures were contained in the Superannuation Legislation Amendment (Stronger Super) Bill 2012 that will implement changes recommended by the Cooper review into Australia's superannuation system. ...

Market Wrap

AAP  |  FRIDAY, 15 JUN 2012
... the target of a takeover offer from billionaire Nathan Tinkler who already owns part of the company, has agreed to an amendment that will take its $142 million takeover offer up to $145.6 million. The mining giants all opened higher. BHP Billiton was ...