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The Fold Legal has warned that transitioning to the Australian Financial Complaints Authority will involve “much work” for Australian Financial Services Licensees....
INDUSTRY NEWS
Domacom has been forced to back down from a declaration that its legal fight with the Australian Taxation Office was finished, after differing interpretations of the High...
INDUSTRY NEWS
Westpac has cited fee for no service remediation in what represents a forecast $235 million to its bottom line before any Royal Commission costs are factored in....
INDUSTRY NEWS
The Federal Treasurer, Josh Frydenberg, has cited fees for no service and the failures of the regulators as being among his Royal Commission take-outs....
INDUSTRY NEWS
The Federal Government has released for discussion legislation which will significantly increase both the jail terms and financial penalties which can be applied for cont...
INDUSTRY NEWS
Better targeting those with future social support needs could deliver big budget savings and better outcomes for those within Australia’s social security system, the Actu...
INDUSTRY NEWS
The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...
INDUSTRY NEWS
A review by the regulator has described delays by financial institutions in reporting, addressing and remediating significant breaches as “unacceptable”....
INDUSTRY NEWS
Industry Super Australia has reportedly pulled its ‘fox in the henhouse’ advertising just weeks after funding was questioned during the Royal Commission into Misconduct i...
INDUSTRY NEWS
The Alliance for a Fairer Retirement System has backed the government inquiry into Labor’s proposal to scrap refundable franking credits....
INDUSTRY NEWS
The Australian Taxation Office has signalled its intention to review the top 100 self-managed superannuation funds on issues such as dividend stripping and other forms of...
INDUSTRY NEWS
A new mortgage broking group, the Mortgage Brokers Forum, has advocated adopting a licensing model similar to that applied to financial planners but with the retention of...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...