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Showing 681 - 690 of 2020 results for "Legislation"

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... product design and distribution obligations that are set to impact unlisted property funds. PFA says that the new legislation could result in fewer choices being available for investors. The law in question is The Treasury Laws Amendment (Design and ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... across Melbourne, Sydney and Brisbane, we are delighted to have been granted this full banking license, following new legislation that has opened up the industry to much needed competition," he said. Hodgson also thanked those in the business community ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... review into employee leave, pay and allowances, superannuation and other obligations under enterprise agreements and legislation. CBA executive general manager of group people services Andrew Culleton said: "We regret these errors and apologise." "Our ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... only exercise their investigative powers for their own purposes and not for the purpose of another agency, unless legislation specifies otherwise," the review said. "This acts as a barrier to the agencies using their powers in concert and simultaneou ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
Four key pieces of legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent staff and hinted at ...

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... highlighted major problems with the compulsory superannuation scheme that fails to keep pace with the changing workplace and legislation requiring employers to pay workers their legal entitlements. "Our data analysis highlights a widespread issue costing ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

NZ Super responds to Australian social media laws

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
... co-founder and co-chief executive Mike Cannon-Brookes tweeted upon the passing of the laws: "Sad to report the poor, rushed legislation covering 'Streamed Terrorism' passed both houses just now - despite objections from bodies as diverse as NewsCorp ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... underperforming funds will be forced to merge or exit the industry, she warned. Assistant Treasurer Stuart Robert said the legislation will help safeguard the retirement savings of millions of Australians and ensure that APRA can take effective action ...