assistant treasurer

Policy & Regulation

The Federal Opposition has called on the Government to delay the implementation of its FOFA legislation....

Editorial

The second tranche of the Government's Future of Financial Advice legislation has laid out the remuneration and best interests ground rules for financial planners but, as...

Editorial

Financial planners end 2011 as they began it - uncertain

Australian financial planners seem destined to end 2011 in much the same fashion they ended 2010 - uncertain about the fine detail of the regulatory regime that will unde...

Superannuation

Opposition attacks MYEFO superannuation changes

Federal Opposition says Government has undermined retirement savings agenda with MYEFO superannuation cap changes....

Superannuation

Govt removes superannuation guarantee age limit

The Government has amended its recent superannuation guarantee amendment bill to now abolish the age limit for compulsory contributions altogether. ...

Policy & Regulation

Shorten's retrospective tax law criticised

Business taxpayers are concerned about being retrospectively penalised for complying with previous tax laws, according to the Institute of Chartered Accountants in Austra...

Policy & Regulation

Shorten introduces FOFA second tranche

<b>Updated:</b> The Assistant Treasurer, Bill Shorten, has introduced the second tranche of the Government's Future of Financial Advice (FOFA) legislation in to the Parli...

Policy & Regulation

Government vows not to tax trusts as companies

The Federal Government has released a new consultation paper on modernising the taxation of family trusts and declared it is not looking at taxing trusts as companies....

Superannuation

SISFA urges higher contribution caps

SISFA submission makes clear that raising the superannuation guarantee is only a part of the story....

Financial planning

Uncertainty surrounds Oakeshott on opt-in

Despite ongoing lobbying by financial planners, there exists no certainty that key independents Rob Oakeshott and Andrew Wilkie will support key FOFA amendments....

Financial planning

Government to consult on OTC derivatives

The Government has released a discussion paper to consult with industry on the regulations around over-the-counter derivatives....

Policy & Regulation

FPA concern on lack of FOFA impact assessment

The Financial Planning Association (FPA) has raised concerns about Treasury's admission that its failure to conduct a regulatory impact analysis on the Future of Financia...

Financial planning

Shorten may moderate fee disclosure requirement

Assistant Treasurer Bill Shorten has signalled the Government may moderate its approach to annual fee disclosure statements....

Financial planning

FPA reiterates financial planner professionalism push

<b>Updated:</b> The Financial Planning Association has pointed to a future in which there are no Australian Securities and Investments Commission bannings of professional...

Editorial

FOFA stampede could get uglier

The financial planning industry has been undertaking some intense lobbying in recent weeks in the hope of extracting some key amendments to the Government’s Future of Fin...