151-160 of 228 results
Product design and distribution rules
On 13 December 2016 Treasury released a paper seeking feedback on the proposed financial product design and distribution obligations and proposed product intervention powers for ASIC The proposals are intended to create new accountability obligations for product issuers and distributors On one view ...
Budget superannuation changes passed
The Governments main changes to superannuation have been passed by Parliament We look at what this means for the superannuation industry and for you. ...
Allens advises REST on its first direct debt investment
Allens has acted for Australian superannuation fund REST Industry Super ( REST ) to achieve completion of its first direct debt investment. The deal was led by Allens banking and finance Partners ...
Michelle Levy wins Partner of the Year
Partner Michelle Levy was announced as 'Partner of the Year' in the Financial Services category at last night's Lawyers Weekly inaugural awards ceremony held in Sydney. Michelle is a financial ...
ASIC grants more time to update websites and some relief from fees and costs disclosure
ASIC issued Class Order 14509 yesterday providing late but welcome breathing space for superannuation trustees to update their websites to disclose executive remuneration and other information The Class Order provides safe harbour timeframes for disclosure And today ASIC has released Information ...
What might the PC review into superannuation mean for fund investments?
The Productivity Commission Draft Report into the Efficiency and Competitiveness of Australias superannuation system weighing in at a substantial 549 pages contains a treasure trove of information on and analysis of a wide range of aspects of the industry ...
1 July 2018 changes affecting employers, and public consultation opens on Western Australia's WHS reforms
Several changes relevant to employers took effect on 1 July 2018, including in relation to minimum rates of pay, the high income threshold, the superannuation maximum contribution base and penalty rates in certain industries. Separately, WA has moved a step closer to a modernised Work Health and Saf ...
A cautionary tale – let sleeping employees lie
A recent Fair Work Commission decision has confirmed that procedural deficiencies will render a dismissal unfair even where the dismissal involves serious misconduct. ...
ASIC extends transition period for fees and costs disclosures, and delays consultation paper to January 2019
ASIC has extended the transition periods for certain fees and costs disclosure obligations applicable to superannuation funds and managed investment schemes by a further year pending the release of its consultation paper on the regime ...
Expanded ban on employer incentives for super - amendment passed in the Senate
The Senate has passed amendments that will greatly expand the scope of the prohibition on trustees and their associates providing incentives to employers in section 68A of the Superannuation Industry Act 1993 ...