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Showing 71 - 80 of 91 results for "Loophole"

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements. On 13 October 2011, the Government presented a bill aimed at amending the ...

ISN submission targets advice requirement

ELISE BURGESS  |  TUESDAY, 20 SEP 2011
A FOFA reforms submission from the Industry Super Network to Treasury has called for stronger legal requirements around financial advice and better consumer protection. The Industry Super Network (ISN) has requested that the Government strengthen legal ...

Super crime loophole to snap shut

ALISON BEVEGE  |  TUESDAY, 24 MAY 2011
... under state or territory legislation that seek to recover the proceeds of crime, leaving funds intact. It is believed the loophole means, for example, that a drug importer could put their ill-gotten millions into superannuation and it would be untouchable ...

Market Wrap - Morning

AAP  |  THURSDAY, 12 AUG 2010
... economy weighed across the region. China banks fell after news the China Banking Regulatory Commission closed a regulatory loophole that had allowed them to get around lending quotas. China Construction Bank fell 2.7 per cent to 6.54 Hong Kong dollars ...

Aussies to rely on govt when insurance falls short: survey

RUTH LIEW  |  TUESDAY, 30 MAR 2010
More than two-thirds of Australians are under the illusion that the Federal Government will provide financial support to families if a member dies prematurely - one of the misconceptions driving underinsurance. New research from Lifebroker shows consumer ...

What-if scenarios bring Budget blues

MICHELLE BALTAZAR  |  MONDAY, 11 MAY 2009
New restrictions to existing superannuation and tax concessions could help the Government slash the predicted budget deficit in the next few years but this could come at a higher cost to superannuants and taxpayers in the long term, industry experts ...

ESG a fiduciary duty: Sherry

ALEX DUNNIN  |  THURSDAY, 7 MAY 2009
Trustees have a fiduciary duty to take long term factors, including ESG considerations, into account when selecting and managing investments, said Senator Nick Sherry. Senator Sherry, speaking at this morning's Finsia's leadership forum, said this is ...

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
... the Anti-Money Laundering and Counter-Terrorism Financing Act, the regulator Austrac has conceded that there is a big loophole in the law. Austrac issued a statement yesterday, saying the issue of units in a managed investment scheme would not fall within ...

UK closes PE tax "loophole"

CHRIS NICHOLLS  |  MONDAY, 15 OCT 2007

AXA sidesteps ETP tax

CHRIS NICHOLLS  |  MONDAY, 2 JUL 2007
AXA has seized on a loophole in the new tax legislation introduced 1 July to offer employers a potential avenue for reducing tax on eligible termination payments (ETPs). Under the new ETP rules, most payments made under an employer-owned non-super group ...