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Showing 741 - 750 of 2022 results for "Legislation"

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
... advance the early release of super, the initiative has been fully operational. In February 2018, Treasury released draft legislation to allow the ATO to facilitate the early release of superannuation. By having the ATO directly notify a trustee when ...

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes. In a media release on Sunday, Treasurer Josh Frydenberg said criminal penalties were set to double in some cases, while civil ...

ASIC delays adviser reporting deadlines

KARREN VERGARA  |  THURSDAY, 11 OCT 2018
... time period. If advisers fail to meet the CPD requirements, they must notify ASIC from 15 November 2019. Under the legislation, licensees must notify ASIC of certain new information. "This instrument aligns licensees' earliest notifications to 15 November ...

CFA Institute asks FASEA to recognise charterholders

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... submission to the education standards body. "I always remember coming down to Australia five or six years ago when the FoFA legislation was new and talking to ASIC at that time about regulation and credentialing," he said. Smith added he was "amazed" ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... moves towards ending fees for no service across the industry. "In addition to these changes the industry is supporting legislation to remove grandfathering provisions in relation to financial advice," Bligh said delivering ABA's response to Commissioner ...

NZ Super Fund delivers 12.4pct, braces for future

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... FY18, putting in $89 million every month starting July. The government's contribution will increase according to its legislation by 2022. The fund was founded in 2003 and has returned 10.4% since inception.

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... enforcement policies and practices are congruent with the needs of the economy. On his last point, Hayne explained: "Legislation allowing punishment (criminal or civil) of conduct proceeds from the premise that engaging in the conduct is harmful to society. ...

AFA rejects criticism over grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... this, stating that none of the ministerial media releases from 2010 and 2011 or the Explanatory Memorandum to the FoFA legislation made any reference to an expected timeframe for a decline in the volume of grandfathered commissions. Turning the tables ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
The Bill that enhances ASIC's capabilities and enables it to recruit staff outside of the Public Service Act has passed through Parliament. Under the Treasury Laws Amendment (Enhancing ASIC's Capabilities) Bill 2018, ASIC will have greater operational ...

Advisers granted stat dec authorisation

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... authorised to witness a Commonwealth statutory declaration, as outlined in the new Statutory Declarations Regulations 2018 legislation. The amendments take effect from 18 September 2018, providing financial advice clients with a cost-effective and efficient ...