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Showing 71 - 80 of 100+ results for "Federal Government"

Government debt blows out 420%

KARREN VERGARA  |  TUESDAY, 20 APR 2021
... rankings of an index to 13 th place. According to the inaugural Janus Henderson's Sovereign Debt Index, the federal government slipped further into debt by $211 billion in 2020, ranking it the 13 th- most indebted nation in the world based on a long-term ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...

ASIC extends advice relief measure

KARREN VERGARA  |  THURSDAY, 15 APR 2021
ASIC is extending the relief measure that allows financial advisers to provide a Record of Advice (ROA) rather than a statement of advice (SOA) until October 15. The decision to extend the relief measure came after consulting with the industry, the ...

Cairns women disadvantaged by super gender gap

KARREN VERGARA  |  MONDAY, 12 APR 2021
... time out of the workforce. The Australia Institute from the Centre for Social Research and Methods found the federal government's $60 billion tax concessions are geared towards men. Negative gearing, superannuation tax concessions, capital gain tax discount ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
Hostplus has been chosen as successor fund for about $210 million of member assets from AUSfund, as the latter closes its doors after 33 years. AUSfund, which was set up as a fund for unclaimed or dormant superannuation funds, is owned by an Industry ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... deal with ASX-listed Generation Life. The final report from the Retirement Income Review, commissioned by the federal government, acknowledged the need for longevity products in retirement but also warned that financial advisers' involvement may deter ...

Advice association chief steps down

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
... Insurance Task Force and Choice and Access to Life Insurance (CALI), which have positioned us well with the federal government and the opposition as they prepare to consider the future of life insurance commissions under the Life Insurance Framework ...

Not-so-Zuper: Super disruptor folds

JAMIE WILLIAMSON  |  MONDAY, 22 MAR 2021
... to close Zuper. "There has been a significant increase in the amount of regulatory change introduced by the federal government and regulatory bodies over the last few years," Diversa said. "These changes have increased the complexity and cost of administering ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... the wake of the Royal Commission. Additionally, Kirkland said this is occurring as crossbench senators in the federal government are amid deciding on a government proposal to roll back consumer protections. "The banks promised they'd clean up their act ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
QSuper has officially launched its new product to meet the increasing demand for guaranteed retirement income well ahead of the federal government's mandate. Lifetime Pension provides tax-free fortnightly payments for members aged between 60 and ...