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Showing 71 - 80 of 732 results for "Amendment"

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... Outcomes (DBFO) Bill, where the service of dealing was unintentionally not captured by this reform. The ASIC Corporations (Amendment) Instrument 2024/809 amends the ASIC Corporations (Financial Services Guides) Instrument 2015/541 to address an unintended ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 was passed in the House of Representatives without ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... treasurer Rita Saffioti first flagged the changes in November 2023. As a further change, the government is also seeking an amendment that would allow GESB members who have left the public sector to continue making contributions to their GESB account. ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which received Royal Assent earlier this week, aims to ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment (Self-managed superannuation funds-legacy retirement product conversions and reserves) Regulations 2024, released yesterday ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of 2023, which addresses the nation's concerns on preservations and access to retirement funds. The Bill introduces ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... streamlined, better equipping the regulators to manage risks," Chalmers said. Chalmers previously said that the Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill contains a range of supporting powers to ensure that the ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... Paid Parental Leave was tabled today, with the super industry calling for its swift passage. The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 is to be introduced into parliament today by social services ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... this legislation in limbo creates even more uncertainty." Spender, the Member for Wentworth, will also introduce an amendment to allow the deferral of payment for taxpayers who might otherwise be forced to sell their illiquid assets. "We need to have ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
ASIC is set to extend three legislative instruments for five years, one of which relates to record keeping for financial advisers. The instruments are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when ...