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Showing 1 - 10 of 35 results for "Parliament yesterday"

Allow couples tax-free super splitting: Hume

JAMIE WILLIAMSON  |  FRIDAY, 5 SEP 2025
... their collective superannuation balances evenly between them to improve the gender super gap was tabled in Parliament yesterday. The Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025 was tabled by Senator Jane Hume, who said ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... After a decade in the making, an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... looking to prop up the industry, with minister for aged care Anika Wells introducing the Aged Care Bill 2024 to parliament yesterday. It's said the reforms will deliver about $930 million into the sector over the next four years, while saving close ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... dignified retirement for more Australians. The Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday, defines the objective of super as "to preserve savings to deliver income for a dignified retirement, alongside government ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... 300,000 people eligible for super contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside the Retirement Income Covenant and the Corporate Collective Investment Vehicles regime. From 1 July 2022, all ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later years ...

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 ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... protection for clients, the association said. Separately, the Financial Accountability Regime was also tabled in parliament yesterday. FAR extends the Banking Executive Accountability Regime to all APRA-regulated entities, which will be jointly administered ...

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
... financial services, the digital economy and women's financial security Jane Hume said a bill introduced to Parliament yesterday will deliver on a key commitment in the Women's Budget Statement. The bill removes the $450 per month income threshold under ...
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