Parliament

Superannuation

APRA moves ahead of legislation on outcomes test

The Australian Prudential Regulation Authority has not waited on passage of Government legislation and has, instead, set new prudential requirements to support an outcome...

Policy & Regulation

Super legislation stranded as Parliament rises

Some of the Government’s most important superannuation policy legislation has remained stranded on the notice paper with Parliament rising until February and an election ...

Superannuation

AIST lauds move to ensure member insurance not lost

The AIST has welcomed an announcement from the Federal Opposition that it will move to amend key measures in the insurance in superannuation package now before Parliament...

Superannuation

Govt puts super fund governance back on agenda

Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the Government has made clear the issue remains very much al...

Policy & Regulation

ASIC wants product sales training powers

The Australian Securities and Investments Commission is arguing that giving it product sales training intervention powers may reduce the need for it to take extreme actio...

Policy & Regulation

Should ASIC personnel get bonuses?

A Parliamentary Committee has been told that public servants working within the Australian Securities and Investments Commission are eligible to earn bonuses, but at leas...

Policy & Regulation

How Labor would extend Royal Commission

A dissenting report by Labor members of a key Parliamentary Committee has revealed how a future Labor Government might extend the terms of reference of the Royal Commissi...

Financial planning

Research house and dealer group roles queried on product failure

A Federal Parliamentarian has specifically queried why research houses and dealer group investment committees are not held responsible for putting products on an APL whic...

Policy & Regulation

Parliament no wiser on how Industry Super Australia is funded

A Parliamentary Committee has ended up none the wiser on the precise funding arrangements of Industry Super Australia despite a pointed question on notice from a Liberal ...