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Showing 881 - 890 of 2575 results for "Treasury"

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... technology Jane Hume revealed Coalition plans to introduce the legislation later this week, in a joint statement. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 implements the government's response to the final ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... sacrifice contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures under Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 in Parliament on July 24. One of the proposals aims ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... not warranted particularly in light of the significant changes to default insurance and inactive accounts through the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 which took effect from 1 July 2019," WIS said. "There are already complications ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... member outcomes as the "centrepiece of its supervisory approach" across the sector. This includes the recently passed Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation) Act 2019. "APRA's work on performance benchmarking ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... has riled Australia's largest fund. Airing the fund's position on the Government's recently re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation Committee ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... and/or the existence of any adverse findings against them. The MySuper authorisation update is part of the newly passed Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019.

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... higher to 97.4890. While Trump only nominated China and Europe in his "currency manipulation" tweet, the US Department of Treasury Office of International Affairs had already put nine countries on its "Monitoring List" two months before in its report ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living in New South Wales (31%), Victoria (26%) and Queensland (24%) have been fully embracing ...

Government extends early retirement scheme

ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
... tax treatment of genuine redundancy and early retirement scheme payments to those under age pension qualifying age. The Treasury Laws Amendment (2019 Measures) Bill 2019 will amend the tax law to extend the concessional tax treatment to amounts paid ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was put on hold in April, is now being set in motion with ...