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Showing 81 - 90 of 1195 results for "Parliament"

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... proposing sweeping changes to financial services law, including changes that affect the advice industry, tabled in parliament on November 30. After surveying a gamut of corporations and analysing the web financial services legislation, the ALRC makes ...

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super. Minister for superannuation, financial services, the digital economy and women's ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
... capability of ASIC and APRA on a biennial basis, with reports to be delivered to the minister and subsequently tabled in parliament."

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... whose money is unlikely to be imperilled by a change of trustee, I would expect regulators to take action. And the Parliament might too," Hume warned. Elsewhere in her speech, Hume assured that the Compensation Scheme of Last Resort does not let banks ...

BTC Markets adds to advisory board

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
The digital assets exchange appointed two new senior additions to its advisory board, hiring from ASX and Tyro. David Raper and Garry Duursma joined the advisory board following the release of the final report of the Parliamentary Committee on Australia ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... the next two years to deal with the impacts of COVID-19 and further regulatory reforms making their way through the Parliament, including the introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," treasurer Josh Frydenberg ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... of costly duplicate accounts will ultimately lead to bigger retirement savings for people, but without action from Parliament there is a risk some people will lose access to affordable default insurance cover in their super," Super Consumers Australia ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Two major pieces of legislation have been introduced in parliament, including the Compensation Scheme of Last Resort. The scheme facilitates the reimbursement of up to $150,000 to compensate consumers affected by bad personal advice, credit intermediation ...