Search Results | Showing 1 - 10 of 48 results for "Safe Harbour" |
| | | ... including appropriate transition arrangements." As previously covered, the government would introduce a three-year safe harbour period for Scope 3 emissions and "certain climate-related forward-looking statements" for reports issued between July 2025 ... |
| | | | ... other inclusions, like greater support for scaled advice, replacing the Statement of Advice, and the removal of the Safe Harbour steps, it said this second tranche has it reconsidering its initial support of the government's response. "We supported ... |
| | | | ... financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. Speaking at the ... |
| | | | ... she said. What is concerning, however, is that the rationalisation of SoAs (Recommendation 9) and the removal of Safe Harbour Steps from the Best Interests Duty (Recommendation 5) are included in the draft legislation. The recommendation that clients ... |
| | | | ... tranche of reforms stemming from the QAR will ease regulatory and administrative burdens, such as abolishing the Safe Harbour Steps and Best Interest Duty. "We're really excited by the fact that the new legislation will focus on clients and consumers ... |
| | | | ... limitation rules for general class investors, along with the introduction of a new third-party debt test. Previously, the safe harbour test allowed entities to deduct all interest expenses provided their total debt did not surpass 60% of their total ... |
| | | | ... emphasise the importance of documentation and files notes that advisers should instead maintain. The elimination of the Safe Harbour Steps, which must be clearly outlined in the SoA, has also been embraced by advisers. Estimates by KPMG and the Financial ... |
| | | | ... industry. The removal of Fee Disclosure Statements, rationalisation of fee consent, eradicating the Best Interests Duty Safe Harbour steps, were quick wins for the Financial Advice Association of Australia (FAAA). "These phase one responses show that ... |
| | | | ... Michelle Levy's recommendations either fully or in principle. Eliminating many bugbears for financial advisers, the Safe Harbour Steps will be removed from the Best Interest Duty. Consultations remain so as to determine the implementation details ... |
| | | | ... different solution needs to be found," he added. Finally, he said, redefining the Best Interest Duty (BID) and removing Safe Harbour steps should also be prioritised. The original QAR proposal suggested removing the legislated BID however after much ... |
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