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Showing 741 - 750 of 3918 results for "law"

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 In its pre-budget submission, ISA said that the "outdated law" is the key reason workers have been underpaid a staggering $33 billion over seven years, losing an average of $4.7 billion ...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 ...

TPB bans PwC partner over breach

CHLOE WALKER  |  MONDAY, 23 JAN 2023
... becoming a registered tax practitioner, followed an investigation in which Collins was found to have let slip confidential law reform plans. While a partner at PwC, Collins was part of a confidential consultation by Treasury to improve tax laws, including ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... of the requirement to provide SoA to clients. "The SoA rules are restrictive, cumbersome, and every licensee interprets the law a different way making writing SoAs time consuming, confusing for clients, and hard to code into technology," the survey said. ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
The Australian government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... impacts on the age pension. Effective January 1, the bill to reduce the eligibility age for downsizer contributions became law. To be eligible, clients over 55 years of age need to have owned their home for 10 years or more. Downsizer contributions to ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
Link Fund Solutions is the subject of a new group action in England related to the now infamous Woodford fund failure. Law firm Leigh Day has served the action after it and another firm, Harcus Parker, had applications for a Group Litigation Order regarding ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... manager, compliance at ANZ Group. Hughes will join the Vanguard executive team, bringing a "significant depth of experience in law, governance, regulation, financial services, wealth management and risk into leading this critical function of the business." ...

ASIC FAR to display adviser QTRP status

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... known as 'qualified tax relevant providers' (QTRPs). The new requirements are the completion of specific courses in commercial law and taxation law, however some exceptions apply, ASIC said. There may also be additional continuous professional development ...

Former fund manager employee permanently banned

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... conduct and his destruction of evidence relating to his trading, and that he was likely to contravene a financial services law in the future. Kim admitted to the wrongdoing and did not dispute ASIC's concerns that he engaged in dishonest conduct. He ...