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Showing 61 - 70 of 1270 results for "Federal government"

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 ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... advice on less complex matters. They are not able to charge a fee or commission with respect to said advice. The federal government has opened the opportunity for banks, insurers, and superannuation funds to employ QAs. Kaplan chief executive Brian Knight ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
Investment and financial advisers are coming together to pressure the federal government more than ever to make the profession more sustainable by being flexible in recognising more degrees, the Stockbrokers and Investment Advisers Association (SIAA) ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
The Financial Advice Association of Australia (FAAA) has called on the Federal government to better manage costs across the Compensation Scheme of Last Resort (CSLR) and implement a fairer ASIC funding levy for advisers. In its pre-budget submission ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... changes aims to streamline some process documents such as the ongoing fee renewal and consent requirements. The federal government hopes that by simplifying some of the paperwork it will incidentally lower the cost of providing advice to make it more ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... SIV in that it may require a $5 million investment and that complying investments yet to be determined by the federal government may include a stipulated percentage of investment into venture capital, the law firm told clients. "The current allocation ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... for compensation for some of these victims is something that must be addressed," Henderson said. "I hope the federal government is listening and now does what it can to ensure child sex offenders are held responsible for compensating their victims with ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... As such, Fink said the retirement system in America needs modernising, at the very least. He said that the federal government has prioritised maintaining entitlement benefits for people his age (71) even though it might mean that Social Security will ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...