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Showing 621 - 630 of 736 results for "Amendment"

SG Bill enters parliament with strong support

ELISE BURGESS  |  WEDNESDAY, 2 NOV 2011
The Superannuation Guarantee (Administration) Amendment Bill has entered the House of Representatives today with the support of associations and government, with Minister Shorten introducing the abolishment of the age limit. In addition to increasing ...

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
Opt-in, best interest duty and the renewed call for pressure on public policy were under the spotlight as advisers gathered to hear from the Opposition on the introduction of reforms in the advice industry. Senator and shadow assistant treasurer, Mathias ...

FOFA reforms are a soft landing

RACHEL DAVIS  |  MONDAY, 24 OCT 2011
Bernie Ripoll MP told AFA conference delegates that the future of financial advice reforms represent a balance between the interests of major stakeholders and the middle ground. Ripoll said the inquiry that bears his name received over 400 submissions ...

FOFA reaches parliament with undisclosed feature

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
After many months of discussion, the FOFA Bill has finally reached parliament but planning associations the AFA and the FPA have slammed the motion after a new feature was revealed without prior consultation with the industry. Minister for Financial ...

Government publishes core elements of MySuper draft

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
... superannuation members, industry and employers." The closing date for submissions on the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2011 is October 13, 2011. Earlier this week the Australian Prudential Regulation Authority published ...

Investment cloud clears with Govt draft proposal

ELISE BURGESS  |  WEDNESDAY, 17 AUG 2011
Moves to align Australia with other financial centres and concerns of uncertainty has prompted the Federal Government to release draft legislation on Australia's investment manager regime. In response to a recommendation by the report of the Australian ...

Tax rules set for TPD insurance deductibility

ALISON BEVEGE  |  THURSDAY, 4 AUG 2011
Proposed amendments to superannuation tax law will make it easier for self-managed super funds to work out their tax deductions for insurance, an SMSF expert has said. The draft legislation, released yesterday, specifies how much of the premium for ...

SMSFs may be banned from buying shares off-market

ALISON BEVEGE  |  FRIDAY, 8 JUL 2011
Self-managed super funds will be banned from buying or selling assets to related parties in off-market transfers if the Government adopts Stronger Super recommendations currently being considered. The proposed ban would mean that SMSFs would have to ...

Coalition adopts ALP super clearing house model

ALEX DUNNIN  |  THURSDAY, 9 JUN 2011
... clearing house], the Opposition did everything they could to delay it, including supporting a Senate Inquiry and moving an amendment to allow the private sector to also provide the service," said minister Shorten. While politicians fight over who created ...

Super insurance simplified for funds

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
Superannuation industry organisations have welcomed new legislation that makes it easier for super funds to claim tax deductions for the cost of total and permanent disability insurance provided to members. Superannuation Minister Bill Shorten introduced ...