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Showing 581 - 590 of 2047 results for "Legislation"

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 ...

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 ...