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Showing 81 - 90 of 2018 results for "Legislation"

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN | WEDNESDAY, 7 MAY 2025

... super nudges in its submission to Treasury on the Delivering Better Financial Outcomes (DBFO) Tranche 2 Part A draft legislation. The FAAA supports the government's goal of increasing access to financial advice, however, stressed that retirement planning ...

Licensees slash compliance spending: Survey

KARREN VERGARA | WEDNESDAY, 7 MAY 2025

... Assets, he said. Under the re-elected Albanese government, industry bodies are calling for the swift passage of major legislation such as Payday Super and DBFO within the first 100 days of parliament. The law firm's 2025 Compliance Trends Survey also ...

What Labor's second term means for regulators

KARREN VERGARA | TUESDAY, 6 MAY 2025

... July or August. "There's a range of other things that consultation had been done, policies drafted, sometimes legislation drafted as well, but didn't quite get over the line. Now those things, I presume, will keep going. So that's easier ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN | MONDAY, 5 MAY 2025

... remain a member of AFCA for another year. This allows clients to continue using the complaints process. Under the legislation passed alongside the CSLR's creation, ASIC is obliged to cancel the financial services or credit licence of any firm that fails ...

Labor wins: What super, advice industries want

ELIZA BAVIN | MONDAY, 5 MAY 2025

... retirement of millions of Australians. SMC called on the government to move swiftly on the passage of payday super legislation within the first 100 days of Parliament, and the Delivering Better Financial Outcomes (DBFO) reforms. SMC said it would also ...

Spender criticises Labor's 'lack of urgency' on advice reforms

ELIZA BAVIN | THURSDAY, 17 APR 2025

... has initiated the review, but there's a lack of urgency on this, and a lack of urgency in terms of backing up legislation, backing up their words. So that is, is something I continue to fight for," she said. Spender added that ensuring Australians ...

New government must prioritise payday super: SMC

KARREN VERGARA | WEDNESDAY, 16 APR 2025

Super Members Council (SMC) is urging Australia's newly elected government to pass the payday super legislation as a matter of priority within its first 100 days in power. The council's analysis found that in 2021-22, about $5.1 billion of super went ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI | WEDNESDAY, 9 APR 2025

Payday super, coming into effect 1 July 2026 pending the current draft legislation, could bring a world of problems once introduced, including payroll and tax obligations for Australian small and medium enterprises (SMEs), experts claimed. One of the ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN | THURSDAY, 3 APR 2025

... that the victim-survivors are stuck with the debts inflicted on them..." Owen said. "More can be done within existing legislation to provide support and relief..."

FAAA expands policy team

ELIZABETH FRY | THURSDAY, 27 MAR 2025

... ongoing efforts in shaping the future of financial advice in Australia."The appointment comes as Canberra finalises legislation around Delivering Better Financial Outcomes. Speaking on the latest DBFO proposal, the FAAA said it was "disappointed". FAAA ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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