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Showing 591 - 600 of 1813 results for "Bill 2013"

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
Employers robbing staff of superannuation entitlements could face court-ordered penalties and even jail time under a new law designed to combat the $2.85 billion unpaid super problem. Minister for Revenue and Financial Services Kelly O'Dwyer introduced ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
Federal Revenue and Financial Services Minister Kelly O'Dwyer announced a legal expert will join Peter Kell as ASIC's co-deputy chair. The Federal Government nominated Daniel Crennan to the newly created position and he will work alongside Kell, who ...

Asia Region Funds Passport legislation tabled

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
Legislation to implement the Asia Region Funds Passport Bill was tabled in Federal Parliament yesterday but the Financial Services Council said there is still work to be done. Minister for Financial Services and Revenue Kelly O'Dwyer described the initiative ...

New income trust plans to raise $350m

KANIKA SOOD  |  THURSDAY, 22 MAR 2018
Gryphon Capital Investments wants non-institutional investors to place money in secured debt securities with its new trust - which it says is the first of its kind in Australia. Gryphon Capital Income Trust (GCIT) will invest in residential mortgage ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
The Royal Commission will set its sights on the financial advice industry in April, with the first hearing taking place on the 16th. The first round of public hearings commenced today and focused on consumer lending practices regarding credit products ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...

Industry fund chases insurance giant on climate risk

JAMIE WILLIAMSON  |  FRIDAY, 2 MAR 2018
A $10 billion industry superannuation fund is working with retail shareholders of a major ASX-listed insurer to force disclosures on climate risk. Local Government Super has co-filed a shareholder resolution over QBE Insurance Group's failure to disclose ...

Advice clients demand philanthropic conversations

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
Philanthropy is becoming part of the conversation between financial advisers and clients as it's an area increasingly accessible to middle Australians, an estate planning expert says. Australian Unity Trustees national manager of estate panning Anna ...

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
Commonwealth Bank reiterated it is disputing ASIC allegations in relation to trading which allegedly affected the Bank Bill Swap Rate on six occasions in 2012. CBA said yesterday that ASIC lodged an updated Statement of Claim to the Federal Court and ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
Draft legislation that allows the ATO to facilitate the early release of superannuation is open for consultation. Treasury has released the exposure draft overnight that aims to expedite the early release of super funds and "improve the integrity of ...