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Showing 681 - 690 of 2379 results for "Rule"

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... some members. "Our preference would be to see policy directed at supporting pooling solutions (as it has done recently with rule changes for annuities), while ensuring an appropriate social security safety net is in place." The industry super lobby fired ...

Regulation costly, time consuming: CSIRO

ELIZA BAVIN  |  FRIDAY, 17 JAN 2020
The CSIRO has recommended a more lenient approach to regulation in the corporate world in a submission to the Senate Select Committee on Financial Technology and Regulatory Technology. The science body noted that Australia's strong regulatory environment ...

SGE extension could hurt small entities: FSC

HARRISON WORLEY  |  THURSDAY, 16 JAN 2020
The Financial Services Council has expressed its concerns with draft legislation seeking to extend the definition of significant global entities to ensure multinational tax avoidance rules apply to all relevant entities. In its submission to the government's ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
What's a central bank to do if after so many years of policy accommodation it still couldn't hit its target? Move the goalpost, of course. The US Federal Reserve has cut interest rates three times (by 75 basis points) last year from 2.5% to ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
The Full Federal Court has ruled that horse racing clubs and state racing boards are required to pay superannuation for jockeys. The court upheld the Australian Tax Office's super guarantee charge assessments in regards to riding fees paid to jockeys ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... Securities and Investments Commission (ASIC), which continues to conduct its own investigation into these matters. We don't rule out taking further action against Avanteos should ASIC's inquiries raise additional matters of prudential concern." ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
The RBA's growth and inflation forecasts and the Taylor Rule calls for just one more rate cut next year. So there we have it ladies and gents, the answer to every Australian's question du jour, how low will domestic interest rates go? I posed ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... the Protecting Your Super legislation and claims experience. At the same time, the $3.1 billion fund has introduced a new rule on how many Transition to Retirement Allocated Pension Accounts (TTR Pensions) can be opened in a single financial year. The ...