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Showing 51 - 60 of 116 results for "Labor Government"

Govt to amend fund merger tax laws

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2014
... up in such mergers are not inadvertently hit with tax penalties. The amendments were proposed by the previous Labor government following concerns that the current law is unclear about how members' account balances should be treated in fund mergers that ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... Financial Advice Reforms (FoFA) "shambolic, secretive and dismissive of proper processes," and signaled a future Labor government would look to reinstate the original reforms if they are successfully repealed. However, he did not express a strong opinion ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
... funds have also resisted full disclosure, arguing the initial standards proposed by Treasury (under the former Labor government) are too deep to be practicable. But Sicilia said such fears were overblown. "Whatever the disclosure requirements are, we ...

Former Future Fund MD joins Qantas Super

MARK SMITH  |  THURSDAY, 5 JUN 2014
... Superannuation Fund and chief executive of the Superannuation Trust of Australia. He was also head of the former Labor Government's Super Advisory Committee on SuperStream. "We are delighted to have someone of Paul's calibre joining the board, and are ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... Review, Jeremy Cooper knows Australia's superannuation system as well as anyone. His recommendations led to the Labor government's Stronger Super reforms, which radically changed the way the system operates. Many in the industry, still struggling to ...

Treasury consults on unclaimed monies time window

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2014
... this week, Finance minister Senator Mathias Cormann said the current arrangements introduced by the previous Labor government in 2012 shortening the period that triggered the transfer from seven to three years was a major regulatory change that has added ...

Cuts to ASIC and ATO push industry to self-regulation

LAURA MILLAN  |  WEDNESDAY, 14 MAY 2014
... have to reduce "departmental resourcing" and "bring forward staff reductions that were already planned." The Labor government already considered staff reductions of 4,700 people over the next three years and the current government has confirmed that ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... core reasons" why some funds and investment schemes failed following the global financial crisis. "The previous Labor government erroneously levelled the blame for this environment at the product commission environment in the financial advice industry ...

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
... generations. "[It] requires a completely new basis of thinking than anything we've been doing now by the former Labor government, as you mentioned, or the Coalition," he said. He added, "We can't try and pretend that like a piece of Indian rubber, we ...

National Seniors asks Inquiry to deliver "top quality" advice

MARK SMITH  |  TUESDAY, 8 APR 2014
... acting Assistant Treasurer Mathias Cormann delayed the dilution of consumer protections introduced by the former Labor government in response to recent corporate failures such as Storm Financial (2009), Trio (2009) and Banksia (2012)." "The system needs ...