The Australian Law Reform Commission has published its second interim report on changes to financial services legislation including a proposed legislative model. ...

There is much Australia can learn from the United Kingdom’s regulatory framework, including its strength of being more easily navigable and a focus on outcomes rather tha...

Financial services organisations have disagreed with the ALRC’s proposals regarding retail and wholesale clients, arguing the asset and income test exemptions are outdate...

The ALRC has detailed the stakeholder feedback it has received regarding definitions of financial advice and possible changes to the terms, although it will hold off maki...

Justice Sarah Derrington, president of the Australian Law Reform Commission, has been recognised as a Member of the Order of Australia in this year’s Queen’s Birthday Hon...

Consumer protections for sophisticated investors need to be reviewed as the size of their wealth does not necessarily equal their financial knowledge, according to Justic...

Australian Law Reform Commission (ALRC) president, Justice Sarah Derrington, has illustrated her vision for the financial services industry following the commission’s rev...

There are mixed views on the proposed decoupling of ‘personal advice’ from the definition of ‘financial service’, according to submissions to the ALRC’s Financial Service...

The Australian Law Reform Commission’s inquiry into the simplification of financial services legislation is expansive, multi-phased and worthy of unpacking, Liam Cormican...

The financial threshold test should be removed, according to Super Consumers Australia and a leading consumer advocacy lawyer, as measuring net worth is an unreliable ind...

The ‘shifting sands’ of regulatory approaches has resulted in financial services legislation that is unwieldy and extraordinarily complex, according to the Australian Law...

The Advisers Association says the Australian Law Reform Commission needs to “tread carefully” with simplifying the Corporations Act and continue to conduct wide-ranging c...

The ability to access free online information about financial services law should be a priority for the Government before any reform of the Corporations Act, the Financia...

The latest proposal suggested by the financial advice industry is to move to one focused on principle-based legislation and for changes to the Corporations Act, writes La...