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Showing 1 - 10 of 63 results for "Better Financial Outcomes"

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
... Mulino, optimistic that critical reforms in the Compensation Scheme of Last Resort (CSLR) and Delivering Better Financial Outcomes (DBFO) will be prioritised. Mulino was sworn in as assistant treasurer and minister for financial services on May 13, filling ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... with him on areas in need of reform, like the Compensation Scheme of Last Resort and the Delivering Better Financial Outcomes legislation. "These are priorities that our members are keen to see addressed quickly by the federal government," she said. ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... Scheme of Last Resort (CSLR); provide advisers access to the ATO portal; deliver effective Delivering Better Financial Outcomes (DBFO) reforms and implement a standardised fee consent form; instigate a financial services "razor-gang" to cut red tape ...

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... consumer protection in the provision of 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 ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... This is thanks to a "tsunami of regulatory reforms wash over corporate Australia" such as Delivering Better Financial Outcomes 2 (DBFO), AML/CTF, Privacy and Digital Assets, he said. Under the re-elected Albanese government, industry bodies are calling ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... with. The election left several reforms hanging, such as the scams protection framework, Delivering Better Financial Outcomes 2 (DBFO) and unfair trading prohibition. The election also upended the highly anticipated public inquiry into the failures of ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... 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 push for the parliament to lift the Low-Income Super Tax Offset to strengthen retirement ...

PM Capital hits back at Platinum after offer rejected

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... review and continues to believe that the PGF proposals offer PMC and PAI shareholders with significantly better financial outcomes compared to the existing Platinum schemes, as well as the opportunity to remain exposed to a global value-style investment ...

FAAA expands policy team

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
... 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 chief executive Sarah Abood said: "On ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... Association Australia (FAAA) has come out swinging against Treasury and its second tranche of draft Delivering Better Financial Outcomes (DBFO) reforms, saying it can't support them without "substantial change." FAAA chief executive Sarah Abood said ...
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