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Showing 651 - 660 of 2022 results for "Legislation"

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
New legislation will enforce stronger protections against dodgy employers who short change workers' superannuation savings via salary sacrifice contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
The Senate Economics Legislation Committee has recommended MPs waive the Government's member interests superannuation reforms through Parliament, almost untouched. Releasing the report into its inquiry of the Putting Members Interests First Bill (PMIF) ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... their own financial data. The bill was reintroduced to Parliament and read today. Treasurer Josh Frydenberg said the legislation is designed to give consumers more power and allow them to switch service providers more easily. The Consumer Data Right ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... superannuation and financial services, Women in Super (WIS), has condemned the bill in a submission to the Senate Economics Legislation Committee's inquiry into the Government's proposal. Steadfastly refusing to support the Putting Members Interests ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill that riled AustralianSuper earlier in the week, the Association ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... performance benchmarking and data collection will be a priority, and should be aligned with other initiatives that require legislation (such as choice product dashboards)," it said. APRA will also consult with the government on the additional resources ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation Committee, AustralianSuper head of insurance product Richard Land said the bill's implementation deadline is ...

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and effective manner after finding that superannuation fund contact centres are being bombarded with ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
... cover by 10%. The new fee structure, which was reviewed with life insurance partner TAL, formed part of the new PYS legislation. However, the super fund said it made improvements simultaneously. TPD payments will no longer be made in instalments. If ...

PYSP queries inundate super funds

KARREN VERGARA, JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... call volumes relating to both the end of the financial year and the government's recent Protecting Your Super legislation changes which are leading to longer wait times, and we're also investigating claims of calls to us being disconnected." ...