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Showing 1 - 10 of 13 results for "Trust Law"

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... with farming clients, Timms said it is important to understand the nuances of Division 296 Tax, alongside property law, trust law, GST, and varying tax rules specific to farmland. "This, accompanied with the ability to manage family conflict and complex ...

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
... the statute. So by having it in the statute it is impossible to ignore that. Those without a deep understanding of the trust law would not miss the reference, [and] would not misunderstand it. That said, I don't think that particular insertion changes ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... the best interest of investors seriously. This duty of loyalty has been described as the 'most fundamental' rule of trust law." She explained that there is a community expectation that responsible entities will fully comply with best interest duty and ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... someone who "demonstrated a failure to understand the covenants under the SIS Act and obligations of a trustee under trust law." Commenting on the departure of Kelaher, Griffiths said: "The board would like to acknowledge the vision and contribution ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... someone who "demonstrated a failure to understand the covenants under the SIS Act and obligations of a trustee under trust law." IOOF's complicated structure has been under APRA's radar since 2016. Kelaher said IOOF's board recently discussed the possibility ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
... a single SMSF for the group, bringing the benefits of reduced costs and greater scale." Maroney said in some states, trust law will need to be amended to allow trustees to have up to six members. SMSFs can bypass this limitation by having a corporate ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
... outcomes. AIST chief executive Eva Scheerlinck said the profit-to-member governance model - in combination with general trust law, statutory law, APRA prudential standards and the AIST Governance Code - already provides a robust independent framework ...

Failure to monitor ESG may breach fiduciary duty

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
... change has on their portfolios. The Supreme Court held on 18 May 2015 that trustees have a fiduciary duty, emanating from trust law, to timely and continually monitor fund investments and to remove imprudent ones. Commenting on the ruling, Jay Youngdahl ...

Plan sponsors have fiduciary obligations: SCOTUS

ALEX DUNNIN  |  THURSDAY, 21 MAY 2015
... only have to monitor their plan but remove investment choices that are harmful to plan members' financial interests. "Trust Law imposes a duty to examine the prudence of existing investments periodically and to remove imprudent investments," noted the ...

REST appoints new director

MARK SMITH  |  TUESDAY, 22 OCT 2013
... firm Mallesons Stephen Jaques (subsequently King & Wood Mallesons) where he practised extensively in superannuation and trust law. He is also a former member (and now emeritus member) of the Law Council of Australia Superannuation Committee. "We are ...
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