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Showing 761 - 770 of 10772 results for "Government"

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans to include in legislation to incentivise compliance and ensure employees are fairly compensated ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... providers; develop industry-wide frameworks to combat financial and cybercrime; connect the superannuation sector, relevant government agencies and related financial services bodies; and help make Australians aware of the actions they can take to protect ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... balance of $250,000 will save $375 each year on average, it said. "As the largest payer of pensions outside of the government, we're committed to providing better retirement outcomes for our members," Marler said. "We're pleased to leverage our combined ...

HAFF receives first round commitments

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
... working with applicants to take preferred projects forward while working with the community housing sector, industry and government to shape future funding rounds and deliver more housing under the HAFFF and the NHAF." Meanwhile, CHIA also welcomed the ...

Scams prevention framework consultation released

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
... consultation with harsh penalties proposed for financial services firms that don't do enough to prevent scams. The government is planning to introduce mandatory codes that would requires financial services firms, along with tech giants and telcos, to ...

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... inflation while a user is in the retirement phase," ASIC said. ASIC aligns its default inflation rates with the federal government's 2023 Intergenerational Report (IGR), Retirement Income Review, and current midpoint of the Reserve Bank of Australia's ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... from July 2025. With the nation's annual aged care expenses predicted to hit $42 billion by 2026-27, the federal government is looking to prop up the industry, with minister for aged care Anika Wells introducing the Aged Care Bill 2024 to parliament ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... 0.3%, and falling short of projections. ECB president Christine Lagarde said growth stemmed mainly from net exports and government spending. "Private domestic demand weakened as households consumed less, firms cut down business investment and housing ...

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
... are contributing to the retirement income challenge and the solution will also be multifaceted," he said. "Continued government action is certainly part of the solution and hopefully, we are now seeing real momentum to effect positive change. Greater ...