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Showing 691 - 700 of 2022 results for "Legislation"

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 ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... and distribution, distributors have to relate the number and nature of complaint to the provider. Part of the new legislation gives ASIC powers to enforce the new arrangements and impose civil and criminal penalties. It also has the ability to request ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... it will release a consultation paper this year with the aim of informing a new legislative package. Robert says the legislation will simplify disclosure requirements for large, listed corporates issuing bonds directly to retail investors and will enable ...

AustralianSuper hikes insurance fees

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... AustralianSuper is increasing the cost of insurance, blaming the Federal Government's recent Protecting Your Super legislation for the changes. On 1 June 2019, the cost of TPD and income protection cover will rise for AustralianSuper members with ...

Treasurer courts retirees with new superannuation measures

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... superannuation members with low balance or inactive accounts, scrapped exit fees and other excessive fees, and introduced legislation to protect Australians paying premiums for insurance they don't want or need," he said.

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... customers going forwards. So, as I've said, we will take that off for our salaried planners, and I would encourage legislation to be enacted for the rest of it," George added.

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... (ATSI) peoples face when making superannuation binding death benefit nominations is open for consultation until May 24. Legislation on the distribution of superannuation death benefits, ATSI peoples' kinship structures and how the law accommodates ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... better and more affordable products are available on the market," he said. The Government first released exposure draft legislation to ban grandfathered conflicted remuneration for financial advisers last February. The new regulations - in the form of ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... companies who do not act to restrain the spread of what Morrison refers to as "terror content". The government is drafting legislation that would make it a criminal offence for social media companies to fail to remove material like the video of the Christchurch ...