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Showing 1 - 10 of 18 results for "Common Law"

Treasury proposes options to block victim-survivors' super going to perpetrators

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2026
... victim, they forfeit their right to receive the deceased's death benefit. The proposed measure borrows from the common law forfeiture rule, which can be applied by a court when an offender has unlawfully killed a person in circumstances where there ...

Treasury opens consult on non-compete reforms

ELIZA BAVIN  |  FRIDAY, 25 JUL 2025
... clauses, by their design, restrict an employee's opportunity to work after they leave their current job. Although the common law has long started with the presumption that these clauses are unenforceable because they are contrary to the public interest ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
The government will inject an additional $6.3 million to curb the rapid withdrawal of banking services in the Pacific. The funding includes $2.9 million to the World Bank for developing digital identity infrastructure across Pacific Island countries ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... 'employee' is not defined in the Taxation Administration Act (TAA), therefore it has its ordinary meaning under common law. "In most cases, it will be self-evident whether an employer and employee, or principal and independent contractor, relationship ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... involves legislating beyond its authority: "FASEA are merely applying to advisers age old fiduciary principles from the common law, which as explained are not particularly new or Earth shattering," Patterson said. Standard 3 (You must not advise, refer ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... SIS Act and employers' role in choosing a default fund for employees. "Despite any obligations that may exist at common law or in equity, employers have no express obligation under the SIS Act to act in the best interests of their employees in selecting ...

Government mulls reforms to tax residency rules

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
... potential to weaken the integrity of the income tax system. "These tests are complex to apply, require an understanding of common law and often require an individual to seek third-party tax advice. Further, given this uncertainty, the board understands ...

Advisers call for exam, standards clarity

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2017
... include Chapter 7 of the Corporations Act; the Tax Agent Services Act; anti-money laundering and counter-terrorism laws; common law fiduciary duties and ethics, he said. One audience member expressed concerns the exam is too legalistically focused and ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... allow for deferred products to be included as a superannuation income stream, as the current definition only applies to common law income streams which are currently payable. The government has also introduced a rule by which the amount of benefit payments ...

Plan sponsors have fiduciary obligations: SCOTUS

ALEX DUNNIN  |  THURSDAY, 21 MAY 2015
... trustee deed, the case could have major ramifications for APRA and product designers in Australia if the case passes into Common Law.
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