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ASIC
Financial planning
The Australian Securities and Investments Commission has made clear it believes product manufacturers should not seek to dictate to advisers under new financial product d...
Superannuation
The Australian Securities and Investments Commission has openly questioned the value of superannuation funds spending money on advertising their default products and call...
Policy & Regulation
A Melbourne-based financial services and credit business has been ordered by the Federal Court to pay penalties of just under nine million for multiple breaches of obliga...
Policy & Regulation
The Queensland Supreme Court has made ex parte orders regarding the Goldsky Global Access Fund, following an investigation by ASIC in which it was assisted by its America...
Policy & Regulation
Deakin Business School associate professor, Adrian Raftery has raised questions about whether the Financial Adviser Standards and Ethics Authority has met its financial f...
SMSF
The regulator has disqualified Oscar Altavilla from being an approved auditor of SMSFs following breaches of independence and auditing standards....
Financial planning
Dishonestly using his position to gain benefits in the amount of $800,000 has seen a former Gold Coast financial adviser sentenced to two-and-a-half years in prison by th...
Policy & Regulation
Advisers and their clients have been put on notice to maintain a tighter focus on share trades with the Australian Taxation Office now capable of matching share trades ag...
Financial planning
The Australian Securities and Investments Commission has suspended and deregistered 101 self-managed superannuation fund auditors due to audit quality....
Policy & Regulation
The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...
Life/Risk
Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk insurers allowed involvement in worker rehabilitation as ...
Policy & Regulation
The Australian Securities and Investments Commission has issued a warning as credit representatives appear to be lagging on their obligations to join the Australian Finan...
Financial planning
The Australian Securities and Investments Commission has cancelled the AFS licence of Austplan, effective from 25 November....
Life/Risk
The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...
Policy & Regulation
New Australian Securities and Investments Commission chairman, James Shipton has vowed to eliminate the circumstances where the regulator can be perceived to have been ca...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...