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| | | ... 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. ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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) ... |
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