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Showing 601 - 610 of 2022 results for "Legislation"

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... claims handling under the definition of financial services. The submission, in response to Treasury's exposure draft legislation and regulations to make insurance claims handling a financial service, detailed several ways in which advice in relation ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... begin line by line scrutiny next week." This the latest news from The Independent, headed "Boris Johnson news: Brexit legislation passes Commons..." News? Brexit has become less of a news item since 12 December 2019 when the Conservatives won 365 seats ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
Draft legislation compelling ASIC and APRA to work with one another in overseeing the financial services industry is open for consultation. The government has taken a major step towards ensuring the cooperation of the corporate and prudential regulators ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... laws, which are set to come into effect in April 2021. The regulator has proposed an approach to guidance for the legislation which it said is "principles-based" but also includes working examples, reflecting the intent of the Parliament to ensure firms ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... all super funds are created equal. At the same time, the Protecting Your Super and Putting Members' Interests First legislation changes saw fees change at almost every super fund, usually in an upward trajectory. It also tested the capabilities of administrators ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... instead be required to be rebated to applicable clients where the applicable client can reasonably be identified. The legislation was tabled later in the year and passed both houses of parliament on October 14. 6. NAB, Nippon lock heads over MLC In May ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... Code to apply," he explained. Guidance is only needed if the code is ambiguous: Patterson said this is a confusion of legislation with ethical principles - while this might be true for legislation, regulators look at ethical standards differently. How ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... SRC and RQB paid the jockeys riding fees for riding a race they were employers for the purposes of super guarantee legislation. The finding overturns previous decisions which held that the system under which payments were made to jockeys did not make ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... long-term," it said. The report forecasted changes to the Corporations Act and the financial advice sector in general. "The legislation is prescriptive and has not kept up with changes in technology which provide the opportunity to deliver advice efficiently ...

Planners heed SMSF risk warning

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... Dunn, who is the chief executive of Smarter SMSF, has provided an update on SMSF regulation, explaining changes to legislation and what the ATO is cracking down on at the moment. Discussing recent action by the ATO, Dunn said diversification within SMSF ...