Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 1194 results for "AFFECTED"

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return affected members to the financial position they'd be in if this incident hadn't occurred. This includes refunding administration ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... consultation. Financial advisers will need to carefully consider the impact on any self-managed super fund clients who are affected," she said. "On both NALI and the pre-announced super changes, we look forward to engaging with Minister Jones and communicating ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... ensure the Bill operates as intended. Firstly, to establish a permanent approach to the proportioning rule for Douglas-affected veterans in line with the ATO's current interim legislative instrument which expires in June. This would ensure the current ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... also indicates that payday super will benefit over one million lower paid and younger women who are disproportionately affected by unpaid super. Unpaid super can reduce some women's retirement savings by up to 10%, further exacerbating the existing ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... guide reads. Another new procedure is for licensees to provide genuine estimates for client loss and number of clients affected. This comes off the back of licensees writing "nil" values when asked for monetary impact. "This estimate is important regulatory ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... consider this to be a complex issue to tackle, and worthwhile." According to the ASA, it sees the fears of individuals affected by this proposal (those with balances near or over the $3 million), and other individuals unlikely to be affected (those with ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... who'll be most impacted by the proposed superannuation changes are predominately males aged 60 and above. Among those affected, approximately half are already retired, while those who are still working are mostly in professional occupations. "Those ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... the way you go about setting up a good grievance mechanism is that you need to talk to the people that are going to be affected by the harms. "That's the step that companies have been reluctant to take - involving those that have been affected in ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... product information paper into a legal instrument, removing the need for APRA to make individual determinations for every affected product. "In short, the draft technical determination would modify the actual return formula in reg 9AB.12(2) and the benchmark ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... cap isn't indexed, around 500,000 individuals currently saving for retirement or already retired could be adversely affected. However, Bradford emphasised the overlooked fact that the actual cap in today's dollars is around $2.6 million, depending ...