Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 340 results for "Minister for Financial Services"

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
Minister for financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... management smoother with fewer liabilities building up on their books. Treasurer Jim Chalmers and minister for financial services Stephen Jones said: "This simple change will strengthen Australia's superannuation system and help deliver a more dignified ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... government, regulators, industry, and the wider community. We need to change that." Jones, who is also minister for financial services, added: "Legislating an objective for super - a Labor commitment at the last election - will give confidence to the ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... retirement alongside government support, in an equitable and sustainable way. Jones, who is also minister for financial services, added: "It strikes me as odd in a system which is about retirement income that a third of the cheques that are being written ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... the review of the Life Insurance Framework. The release of the indicative cost recovery follows minister for financial services Stephen Jones confirming the adviser levy freeze would not continue. In response to the tripling of the levy, the Financial ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... period of 10 years instead of eight years. In providing further details, assistant treasurer and minister for financial services Stephen Jones will mandate super funds that send notification letters to members of failing Choice products to adjust for ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... financial advice and ultimately benefit consumers. In releasing the first phase this morning, minister for financial services Stephen Jones wants to fix "a number of weaknesses in the current regulatory framework" for advisers. "Some rules that were ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Quality of Advice Review recommendations will become a reality for the wealth management sector. Minister for financial services Stephen Jones today unveiled a number of reforms that aim to remove the red tape that is restricting Australians from accessing ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... which opened last year. Speaking this morning at the Responsible Lending and Borrowing Summit minister for financial services Stephen Jones said the "unregulated and unchecked" BNPL market would be overhauled to safeguard vulnerable consumers. "Today ...