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Showing 71 - 80 of 1856 results for "Legislation"

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... remove red tape and streamline the advice process, is the first of three stages that will include the release of draft legislation at the end of this year. Pillar Two is yet to determine the scope of the information and advice that a fund will offer ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... remove red tape and streamline the advice process, is the first of three stages that will include the release of draft legislation at the end of this year. Currently ironing out the details, Jones pointed to three core areas that underpin Pillar Two. ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
... workforce," Dean said. When the superannuation system was established in 1992, under 18s were negotiated into the legislation because it was feared fees and insurance would erode smaller super balances. However, fees for lower account balances are capped ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... continuing consultation with the government on implementing the recommendations of the Quality of Advice Review, the legislation of the experienced pathway and many more." Abood also highlighted the FAAA's commitment to "re-growing" the profession with ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... investments, the US took a giant leap forward with the introduction of the Inflation Reduction Act (IRA) last year. This legislation earmarked US $369 billion in government incentives, expressly designed to invigorate investments in renewable energy ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... Anthony Asher, an associate professor at UNSW Business School, said it would be "overkill to apply it [anti-hawking legislation] to a superannuation fund of which one is a member and insulting to trustees". "They have a duty to act in their members best ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... Multinationals Pay Their Fair Share-Integrity and Transparency) Bill 2023 amends Australia's thin capitalisation rules. The legislation will limit the amount of interest expenses that entities can claim as tax deductions. The measures are forecast to ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... they'll be clearer and easier to understand. "As usual, the devil is in the detail," said Khouri. "And I hope that the legislation will be practical and provide us and product providers with adequate guidance."

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Interim Report B, released last October, covered technical improvements to simplify corporations and financial services legislation. In Interim Report C, the ALRC describes Chapter 7 as an "old cupboard" that is "crammed full and poorly organised, with ...