federal government

Superannuation

SG rise delay will fail to meet super goals: ASFA

ASFA said the Government's plan to delay the superannuation guarantee rise to 12 per cent will mean super goals will not be met. ...

Financial planning

FSI at risk of being lost in glut of reviews

The Federal Government should audit of the reviews within financial services to ensure the FSI is not lost within other overlapping inquiries and reviews. ...

Policy & Regulation

Fix conflicted remuneration or face grim future

Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....

Superannuation

Multiple super accounts declining

New ATO data confirms most Australians have just one superannuation account....

Superannuation

Super investments disclosure benefits not yet proven

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...

Financial planning

A register of financial advisers with their qualifications and experience will not be enough to determine whether they are trustworthy financial planners or not, accordin...

Policy & Regulation

Regulators’ ‘stakeholder’ status better defined

The Federal Government appears to have more clearly defined the boundaries of stakeholder status for ASIC and APRA....

Policy & Regulation

FOFA amendment changes extra levers to prosecute advice disputes

Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....

Financial planning

Regulators told to toe the line with Government

Treasury issues ‘Statement of Expectations’ to ASIC and other Australian regulators, asking them to adhere to its broad policy framework....

Policy & Regulation

Introduce flat tax for low income earners and unemployed.

Income tax should be levied on a flat basis across all income recipients including the unemployed, benefits recipients and low income earners according to KPMG partner Be...

Financial planning

Treasury admits rules impose limitations on retirement products

The Government has launched a review of post-retirement products with a Treasury paper acknowledging current rules are imposing limitations. ...

Policy & Regulation

Moves by the Federal Government to introduce an enhanced register of financial advisers are being backed by the FPA and FSC....

Superannuation

Risk vs regulation

When it comes to superannuation, the law of common sense often does not suffice, Patrick Jackson writes....

Policy & Regulation

AIOFP urges disclosure regime on advice ownership

AIOFP has called on the Federal Government to reintroduce an ownership disclosure regime and for the equal prosecution of executives who have overseen poor advice....

Policy & Regulation

Opt-in FOFA consequences for industry funds

Finance Minister, Senator Mathias Cormann, claims there’s no ‘plan B’ if the Senate disallows the FOFA changes but competitive neutrality ought require that industry fund...