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Showing 81 - 90 of 116 results for "Loophole"

Opposition welcomes SME package, slams Google tax

MARK SMITH  |  TUESDAY, 12 MAY 2015
Shadow Treasurer Chris Bowen has given his backing to small business tax cuts made in the budget but has branded the so-called crack-down on multi-nationals "a cop out". "We welcome the small business package," he told the ABC's Leigh Sales. "We support ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... superannuants more on the income they have generated for their retirement," he said. Morrison also announced the closure of a loophole that saw 48,000 Australians, particularly retired public servants, hide large portions of their defined benefit income ...

Volcker Alliance proposes new US regulator system

ALEX DUNNIN  |  MONDAY, 27 APR 2015
Six years after US financial regulatory mismanagement triggered the GFC, US policy makers are still debating how the US regulatory system should be restructured. The Volcker Alliance, a non-partisan regulatory think tank comprising former senior regulators ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
Industry Super Australia (ISA) report 'Commissions by Another Name' has sparked outrage among some industry stakeholders, which have labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

High earners to pay more tax soon

AAP  |  MONDAY, 16 JUN 2014
... earned over $180,000, increases from 45% to 47%. Opposition Senate Leader Penny Wong says Labor is concerned about a loophole that means only "the wealthy but poorly advised" will pay the two%." For someone earning $200,000 that means paying an extra ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
Corporate super specialist advisers have found a legal loophole that could allow them to maintain a business model that has been banned under the Future of Financial Advice (FoFA) legislation. The loophole, as described by Commonwealth Bank of Australia ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
Shadow Financial Services and Superannuation Minister Bernie Ripoll has called for a full parliamentary debate for the government's proposed Future of Financial Advice (FoFA) reforms. "We need a proper parliamentary debate rather than force changes ...

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... where commissions are permitted on general advice, but prohibited where personal advice is provided. "This could create a loophole in the advice regime where it is possible to charge a notional amount for a personal advice component and recoup the remaining ...

Leading fund manager demands reporting rule change

MARK SMITH  |  MONDAY, 4 NOV 2013
Stricter company reporting rules are needed, as some companies are giving institutional shareholders an unfair advantage by providing "privileged information," according to top Australian fund manager John Abernathy. The Clime Asset Management chief ...