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Showing 61 - 70 of 1278 results for "Federal Government"

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... comes as the concept of nudging continues to be brought up in the Australian retirement landscape, with the federal government last year announcing measures to make it easier for Australians to access financial advice - including the use of nudges by ...

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 ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... has now totally moved on," he said, calculating this will cost each adviser around $8500. Anderson blamed the federal government and the regulator for much of the debacle. This includes ASIC failing to take action against Dixon Advisory in a timely manner ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... "the potential impact on trustees" in light of recent allegations, particularly given the steps taken by the federal government and Fair Work Commission. The regulator added that due to the "significant public interest" and coverage of the allegations ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... the largest provider of financial support to those struggling with mental health episodes, second only to the federal government. More than 91,000 Australians have received more than $12 billion in financial support from life insurers last year. However ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... iteration of the Significant Investor Visa (SIV) that have attracted massive inflows from rich investors. The federal government canned the Business Innovation and Investment Program (BIIP), which comprises three major visa streams that provided a pathway ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... APRA-regulated financial institutions, excluding superannuation funds and health insurers, will also foot the bill. The federal government will only fund the period between 4 April 2024, when the CSLR officially launched, and 30 June 2024. In June, a ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also expanded ASIC's powers. "However, evidence to ...