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LSG Group’s AFSL has been cancelled by ASIC after it failed to comply with the conditions on its licence and financial services laws....
INDUSTRY NEWS
The AIST called for transparency on ASIC’s industry funding model, cautioning against any decision-making until a cost recovery impact statement was available. ...
INDUSTRY NEWS
Australians are being warned to think twice before attempting to evade their tax liabilities following the announcement of a new taskforce targeting international tax eva...
INDUSTRY NEWS
ASIC has pointed to six bannings from its “Wealth Management Project” focused on the largest wealth management firms, including the major banks....
INDUSTRY NEWS
Taxpayers spent more than $120,000 ferrying ASIC chairman, Greg Medcraft, and his staff to international events in the 2015 financial year....
INDUSTRY NEWS
ATO warns that tax breaches in one sector will carry broad consequences, including for SMSFs....
INDUSTRY NEWS
The Law Council of Australia has backed Government amendments which would exclude Australian private companies from tax transparency laws as alleviating an injustice....
INDUSTRY NEWS
The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....
INDUSTRY NEWS
The stockbroking industry should not be targeted in ASIC’s cost recovery program as most complaints are against financial planners. ...
INDUSTRY NEWS
The ATO has reaffirmed its ruling that the anti-avoidance rule for income tax did not apply to a personal services business paying a related employee super in excess of m...
INDUSTRY NEWS
The FPA supports user-pays funding for ASIC but only if it is equitable across the industry....
INDUSTRY NEWS
Financial services users will be hit with increased costs if the Government pursues a ‘user pays’ funding model for ASIC, bankers warn....
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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...