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Showing 51 - 60 of 730 results for "Amendment"

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
The Financial Advice Association Australia (FAAA) and four other professional bodies are urging the Australian Financial Complaints Authority (AFCA) to name and shame financial firms that fail to follow through on a determination as more than 60 have ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
Labor is proposing several reforms to giving or ancillary funds that include increasing the annual distribution rate and smoothing out minimal distributions over three years. In the consultation paper Giving fund reforms: Distribution rate and smoothing ...

Aged care reforms pushed to November

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... government still needs to finalise the Aged Care Rules which will inform parts of the legislation. This requires an amendment bill to be tabled in Parliament; there is still no indication as to when this will happen. "The Albanese government has made ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... supposedly provide greater fairness, transparency and accountability in dealing with scam complaints, AFCA said. "This amendment is a significant step forward in ensuring that all parties involved in the movement of scam funds are subject to appropriate ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
The SMSF Association (SMSFA) is repeating calls for the government to address "catastrophic" flaws in its proposed superannuation tax. SMSFA chief executive Peter Burgess said the critical flaw in the proposed tax is its calculation of investment earnings ...

New ACCC chief named

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
... appointment comes as the ACCC prepares to take on new responsibilities after the government passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024. As part of the changes, set to come into effect from 1 January 2026 with voluntary ...

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The government will amend tax laws to clarify the treatment of managed investment trusts to ensure "legitimate investors" keep their concessional withholding tax rates in Australia. Federal Budget documents said that change complements the Australian ...

Treasury responds to CHESS replacement inquiry

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... Infrastructure reforms as soon as practical. In response, Treasury confirmed the parliament passed the Treasury Laws Amendment ( Financial Market Infrastructure and Other Measures) Bill 2024 in September 2024, and consulted on a draft ministerial instrument ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
APRA's proposal to overhaul capital requirements for annuities is touted to be the most significant change for life insurers in more than a decade. The prudential regulator said it will detail its proposed changes in the second half of 2025. "This ...

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
The SMSF Association (SMSFA) says Treasurer Jim Chalmers' claims that the $3 million superannuation tax followed extensive consultation are misleading, accusing the Treasurer of making several ambiguous statements in defence of the tax. SMSFA chief ...