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Showing 601 - 610 of 735 results for "Amendment"

Tax and Super bill doesn't go far enough: SPAA

CLAIRE MCGREAL  |  MONDAY, 5 MAR 2012
... claims the government's excess contribution tax threshold of $10,000 is not high enough. The Tax and Superannuation Laws Amendment bill was introduced into parliament last week, which aims to give more flexibility and support for super contributions. ...

New super bill enters parliament

ELISE BURGESS  |  FRIDAY, 2 MAR 2012
The Gillard Government has introduced the Tax and Superannuation Laws Amendment bill into parliament, which it said would create more flexibility and support for super contributions. The bill (2012 Measures No.1) details a number of proposed changes ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... opt-in renewal requirement, annual fee disclosure being only required for new clients or be gotten rid of completely, an amendment to best interest duty, and a one-year transition and implementation period for FOFA, he said. "We believe the PJC has missed ...

Triple engagement but 17 firms get first strike

ELISE BURGESS  |  MONDAY, 27 FEB 2012
... engagement has tripled. Last year the controversial two-strikes rule was introduced on July 1 as part of the Corporations Amendment Bill 2011 to a mixed response from the industry after the Federal Government received submissions arguing for and against ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
... according to Mercer's submission to the Federal Treasury. In responding to the Exposure Draft: Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012, Mercer said in its submission that the very rules created to ...

New tax proposals aim to consolidate lost super

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... of their super balance and protecting against extra fees," said Julie Owens, committee chair. Owens said the Tax Laws Amendment (2011 Measures No.9) Bill 2011 had already received strong support from industry. "The bill should proceed through the Parliament ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
The proposed level of involvement by the Australian Prudential Regulation Authority in commercial arrangements between super funds and employers under the new draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions ...

PJC concedes FOFA amendment may be warranted

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... individual advice could be given within what the legislation terms 'group policy', there could potentially be a need for an amendment to section 963B of the draft legislation concerning trusts. "Because of the nature of a superannuation trust, the owner ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... interests of members. In a submission to the Federal Treasury regarding the Exposure Draft - Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 (Bill), the Association of Superannuation Funds of Australia (ASFA) ...