Sinodinos new Assistant Treasurer
The Financial Services industry will be subject to new ministerial arrangements, with Senator Mathias Cormann appointed as Minister for Finance and Senator Arthur Sinodinos being appointed Assistant Treasurer.
The Financial Services industry is expected to broadly welcome the new portfolio appointments given Cormann’s continued involvement in finance and Sinodinos’ involvement in the sector.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
