compliance

Financial planning

It's back to basics at Genesys Wealth Advisers as the group attempts to leave the distractions of multiple ownership changes behind and refocus on the needs of member fir...

Financial planning

Market education fund on hold pending election

The proposal for a new education fund that utilises money collected from market breaches has received a good hearing from the Government, but everything is on hold pendin...

Financial planning

New incubator for non-institutional advisers

Sydney-based boutique financial planning firm Financial Spectrum has launched a financial planning practice start-up and training program aimed at developing advisers out...

Financial planning

ATO helps with Storm Financial fallout

The ATO has provided special assistance to Cairns businesses in the wake of the Storm Financial collapse....

Financial planning

The financial services commandments

Section 912A of the Corporations Act and section 47 of the National Consumer Credit Act 2009 articulate the legislative beliefs about the core standards that a financial ...

Financial planning

ABA criticises Coalition's small business proposal

The Coalition’s proposal to extend protections against unfair contract terms to small businesses may be counterproductive, according to the Australian Bankers’ Associatio...

Financial planning

Education fund could be lost in market supervision transfer to ASIC

An education and research fund has slipped though the cracks in the imminent transition of market supervision from the Australian Securities Exchange (ASX) to the Austral...

Financial planning

Companies warned on dodgy annual reports

The corporate regulator has issued a warning to both listed and unlisted companies on creative and inadequate financial reports in the lead up to the reporting season, wi...

Financial planning

Count recruits van Eyk Research general counsel

Count Financial has succeeded in recruiting van Eyk Research's general counsel and company secretary, Anna Smith, in a move that it says will boost its compliance and reg...

Life/Risk

The ABC of DNA and insurance

With the implications surrounding genetic testing a growing concern for the public, Col Fullagar examines the industry's handling of the issue in relation to insurance....

Financial planning

ASIC to use extended powers to address unfair fees

The Australian Securities and Investments Commission (ASIC) will soon have the power to take action against banks for 'unconscionable' fees, including unfair mortgage exi...

Superannuation

SMSFs fail to keep up with pace of change

Many self-managed superannuation fund trustees are failing to keep their documentation up-to-date and risk running into regulatory and compliance problems....

Financial planning

ATO pauses on some compliance

Legislative changes see the ATO pause compliance activities around advice given via industry associations....

Financial planning

BT dealer groups step into mortgage advice

BT-owned dealer groups Securitor and Magnitude are among the latest to formalise a relationship with a mortgage broker as they seek to expand their potential revenue stre...