News : Regulation

Compliance & Regulation, Regulation

Consumer compensation scheme in operation

CSLR AFCA Financial services industry Financial complaints

The Compensation Scheme of Last Resort for unpaid monies from AFCA determinations is now operational for consumers to use.

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Regulation, Superannuation

Super objective bill released

Objective of superannuation draft legislation

Treasury has released a draft exposure bill outlining the objective of the superannuation system, which will include a requirement for future policies to show how they align with the objective.

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Investments, Regulation, Tax

ASA welcomes franking credit decision

Franking credits

The Australian Shareholders’ Association believes the proposal to limit franking credits from capital raisings is unnecessary and requires clearer guidance to avoid unintended consequences.

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Regulation, Superannuation, Tax

Govt adamant about super tax elements

Superannuation earnings tax

The superannuation earnings tax is all but locked in and highly unlikely to change, with officials stating key aspects were non-negotiable.

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Investments, Regulation

MIS regulations to be reviewed

After being introduced over 20 years ago, the regulatory framework for managed investment schemes will be reviewed this year.

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Regulation

Consumer protection being bolstered

CSLR bills

The compensation scheme of last resort (CSLR) is closer to being operation with bill establishing it tabled in parliament this week.

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Regulation

SMSF BDBNs in the clear

BDBNs SMSF

BDBNs within an SMSF are not subject to lapsing rules, according to a High Court ruling that follows four other legal cases with similar findings.

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Regulation, Superannuation

Superannuation balance cap position applauded

superannuation balance cap

Labor’s commitment not to introduce a superannuation balance cap should it form government later this year has been applauded by the SMSF Association.

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Regulation

Budget super measures become law

superannuation parliament

A number of key measures from the last budget have passed through parliament, while others remain in limbo before the next election.

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Regulation

Election places doubt over super changes

superannuation changes election

A number of long sought-after changes may not pass through parliament before the next election due to a limited number of sitting days in the first half of 2022.

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