POLICY & REGULATION

INDUSTRY NEWS

The corporate regulator has obtained interim orders from the Federal Court to freeze the assets of Ascent Investment and Coaching, as funds may have been raised and used ...

INDUSTRY NEWS

The corporate regulator has signed a new memorandum of understanding with the Croatian Financial Services Supervisory Agency regarding alternative investment funds....

INDUSTRY NEWS

The Federal Government will commence consultation to reform rules around cryptocurrency, buy now/pay later, and broader digital assets, and will look to launch a Central ...

INDUSTRY NEWS

The corporate regulator’s financial advice hub aims to be a single repository to help industry participants more easily find information....

INDUSTRY NEWS

The corporate regulator has found firms in financial markets have continued to show resiliency to cyber threats during the pandemic but a reallocation of resources has le...

INDUSTRY NEWS

The prudential regulator has released its practice guide on climate change financial risks which will assist banks, insurers and superannuation trustees to manage the fin...

INDUSTRY NEWS

The Corporate Collective Investment Vehicle will reduce tax barriers for Australian fund managers, while the retirement income covenant will require superannuation funds ...

INDUSTRY NEWS

The compensation scheme of last resort should not be expanded to cover those making “speculative punts”, according to Senator Jane Hume, and would likely make funding mor...

INDUSTRY NEWS

The most common “stumbling block” in consumer remediation by licensees was underinvesting in systems which have led to multiple failures....

INDUSTRY NEWS

‘Novelty’ financial products are unlikely to see a higher regulatory scrutiny in the future as it is too hard to determine what that definition covers, according to the A...

INDUSTRY NEWS

The corporate regulator’s product intervention powers would not have provided a faster solution but its design and distribution obligations could have led to a stop order...

INDUSTRY NEWS

Due to being in liquidation, the Australian financial services licence for Future Asset Management International has been cancelled by the corporate regulator....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 10 hours ago