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Showing 731 - 740 of 3916 results for "Law"

Government progresses social housing measures

KARREN VERGARA  |  FRIDAY, 10 FEB 2023
The Albanese government's package of social and affordable housing legislation was introduced in parliament overnight. Under the Housing Australia Future Fund Bill 2023, some $10 billion will be used to deliver 30,000 social and affordable homes. ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... pertain to non-relevant providers. "The new best interests' duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)," it reads. Industry ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... This would replace the current obligations for relevant providers and would be a true fiduciary duty reflecting the general law. It will not include a safe harbour. As previously proposed, the report states that the Corporations Act should be amended ...

Advisers put on notice: HLB Mann Judd

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... saying it's a loan, then the ATO will speak with the person providing the money as a loan. There are provisions in Australian law which can be applied unexpectedly that can treat a loan from overseas as income; if shareholders take money from the company ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... insurers, wealth managers, and superannuation funds are also struggling with the uncertainties and disproportionate risks in the law, causing many to stop offering personal advice altogether. "I don't think that anyone told me that things were going ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... want," Scheerlinck said. "When they're selling financial services like superannuation advice to skirt around a gap in the law and trying to bamboozle consumers with half-truths into signing up for a costly service that is not in their financial interests ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... services, is not adequately trained or competent to provide financial services and is likely to contravene financial services law. "He is banned from controlling, whether alone or with others, an entity that carries on a financial services business and ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
... investment returns, according to Industry Super Australia (ISA). In its pre-budget submission, ISA said that the "outdated law" is the key reason workers have been underpaid a staggering $33 billion over seven years, losing an average of $4.7 billion ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members. APRA explained that the new conditions are designed to address ...