DISCLOSURE

Superannuation

The regulatory or consumer benefits for superannuation funds to report portfolio holdings has not been demonstrated by the Federal Government according to a leading legal...

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Funds management

A review of disclosure to investors by the unlisted property industry has been described as “disappointing” by ASIC....

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Superannuation

Superannuation funds risk falling foul of new legislation due to inconsistent fee and cost disclosure practices, an ASIC report reveals....

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Financial planning

Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...

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Financial planning

ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....

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Life/Risk

A recent Victorian Supreme Court decision has serious implications for risk advisers....

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Financial planning

The Department of Treasury has pointed to the role of financial advice in assisting consumers to engage with the financial system....

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Accounting

The Australian Taxation Office (ATO) is pushing all taxpayers with offshore assets to declare their interests before it starts a global clampdown on tax evasion....

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Financial planning

ASIC frustrated that the penalty regime imposed is less than the profit companies gain from poor behaviour, and that disclosure is no longer a 'disinfectant’ for law-brea...

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Superannuation

AUSTRAC criticised for failing to appropriately define politicians, senior public servants and senior members of the military. ...

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Financial planning

Almost a third of advised Australians last heard from their financial planner more than a year ago, which puts them “at risk” of switching, a report says....

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Financial planning

ASIC has released updated guidelines on its shorter Product Disclosure Statement (PDS) push, reminding superannuation providers to detail cooling-off periods and costs. ...

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Superannuation

Warning self-managed super funds (SMSFs) that they are not entitled to compensation is too “simplistic” and needs to factor in all financial assistance available....

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Superannuation

ASIC wants investors to be better informed before establishing SMSFs but denies it will pursue prescriptive new disclosure requirements....

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Financial planning

Fair Loans Foundation has entered into an enforceable undertaking under which it will refund 864 consumers around $157,000 in overcharged interest. ...

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