Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 831 - 840 of 2805 results for "Regulation"

Mainstream shelves super admin business

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
... growth opportunities. This decline is a direct result of consolidation within the superannuation industry, with APRA regulation driving a wave of mergers within the traditional client base of smaller funds, as well as the ATO assuming responsibility ...

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
... and improve quality of life in retirement. Yet so much industry activity is focused on stopping positive changes, on regulation or Canberra. Or all of the above." Finally, he put a spotlight on the impact of super on capital formation - saying super ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... the $75 million threshold. Additionally, the prudential regulator proposes to add its UK counterpart, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority to the list of foreign bodies eligible for substituted compliance with ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
The Australian Tax Office is set to contact tens of thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding ...

Workplace deaths missing from ESG reports: ACSI

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
Companies should disclose workplace safety issues and fatalities in their ESG reporting to improve transparency and identify systemic risks, according to the Australian Council of Superannuation Investors (ACSI). That was a key takeaway from the council's ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... assertion in the legislations' Explanatory Memorandum that the Royal Commission was an equivalent process to a Regulation Impact Statement, saying the process "is actually highly complex and can't be dealt with simplistically". "It will take ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... the TPB's governance arrangements, registration and education requirements, compliance and sanction powers and the regulation of tax (financial) advisers. TPB chief executive Michael O'Neill said the board has worked closely with James to provide all ...

Advice resilient under pressure: Research

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
... only 33% felt affordability was a big issue. Investment Trends research director Recep Peker said: "While heightened regulation will add time and cost pressures to their business, the vast majority of financial planners have no plans for leaving." He ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
The government will introduce legislation this week to end the payment of grandfathered commissions to financial advisers by 1 January 2021. Federal Treasurer Josh Frydenberg and assistant minister for superannuation, financial services and financial ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction ...