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Westpac will pay $1 million to support financial counselling and literacy initiatives, for failing to comply with its responsible lending practices....
INDUSTRY NEWS
The FSC proposed a 22 per cent company tax rate in its tax reform package to boost Australia’s competitiveness while lower tax rates would be paid for by a higher GST....
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Catastrophes, including bushfires and a tornado, are costing insurers $1.3 million a day, the Insurance Council of Australia reveals....
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ASIC has confirmed it will not necessarily take action on allegations of false and misleading advertising if it believes the complainants can do so themselves....
INDUSTRY NEWS
An Administrative Appeal Tribunal has rejected a former tax agent’s case against the Tax Practitioners’ Board for not renewing her registration....
INDUSTRY NEWS
Implementing individual requirements, and adapting business strategy to regulatory initiatives, is best done with an understanding of policy intent and future reforms, De...
INDUSTRY NEWS
The ATO confirms it has visited seven adviser firms and has obtained more than 5,000 client names from wealth management firms....
INDUSTRY NEWS
KPMG and Australian global innovation network Advance have welcomed the Turnbull Government’s national Innovation and Science agenda....
INDUSTRY NEWS
ASIC will continue to focus on good culture in financial institutions but will find it a beast to regulate given it is a vague concept, a law firm says....
INDUSTRY NEWS
ASIC has disqualified Abe Samuel from being approved as an SMSF auditor on the grounds of a breach in auditor independence requirements. ...
INDUSTRY NEWS
Advisers could face penalties for assisting foreign investors to breach property ownership laws, under legislation that comes into force today....
INDUSTRY NEWS
The ATO has announced its intention to take a broader digital approach to its services....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...