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Showing 941 - 950 of 2023 results for "Legislation"

Adviser commission reforms pushed back

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
... phasing down will not come into effect until 1 January 2018; an amendment on the 1 July 2017 date outlined in draft legislation released in April. Responding to the changes, Association of Financial Advisers chief executive Brad Fox said the new date ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
... Potter acknowledged that existing MDA operators are among the losers as there are a number of points in the reformed legislation they will be uncomfortable with, given considerable changes to process and obligations required in the minimal one-year transition ...

Next wave of super legislation rolls in

DARREN SNYDER  |  WEDNESDAY, 28 SEP 2016
Attempting to keep superannuation reforms on the move, Treasurer Scott Morrison released more draft legislation yesterday. Among the second tranche of legislation are plans to implement the $1.6 million transfer balance cap, limiting the amount an individual ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... spokesperson for the Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed to Financial Standard that draft legislation pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal Parliament ...

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... representing retail super funds and the industry fund movement. The Financial Services Council (FSC) has long called for legislation where individuals are allowed to choose their own super fund and supports a removal of "the anti-competitive role of ...

Advisers and aged care homes should forge relationships: BUPA

MARK SMITH  |  FRIDAY, 9 SEP 2016
... of service, as well as the cost." The aged care sector is seeing sweeping changes in the way it is funded. Recent legislation has cut government funding to services amid a budget deficit and an ageing population. Service providers are increasingly having ...

Government releases draft super reforms

ALEX BURKE  |  THURSDAY, 8 SEP 2016
The Turnbull government has released its first tranche of exposure draft legislation for proposed superannuation reforms. Describing the reforms as "fairer, more flexible and more sustainable," Treasurer Scott Morrison argued that "the majority of Australians" ...

Enrolments point to adviser growth

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... ahead of the curve. "They are taking pride in the growth of their profession and are not deterred by the proposed legislation," he said. Knight added Kaplan Professional's ability to adapt to the dynamic advice landscape has also played a significant ...

GPS Wealth launches advice solution

KERRIE SYDEE  |  MONDAY, 5 SEP 2016
... been given. Our goal is to help advisers and accountants provide quality, client-centric advice and combat ongoing legislation change. "Being cloud-based, our systems now can be quickly adapted from one centralised location to meet the changing needs ...

Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
... Australian major banks and state governments would have consequences for Life and General Insurers under the existing legislation," Langer said. "It is possible that APRA might adjust the current LAGIC rules to account for a downgrade. However, in the ...