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FINANCIAL SERVICES LICENCE
Financial planning
ASIC has wound up an unregistered managed investment scheme known as Master Fund, which extracted $3.6 million from 40 Australian investors....
Financial planning
Updated regulatory guidance for applying for an Australian financial services licence (AFSL) removes the requirement to submit paper versions of documents lodged electron...
Accounting
Treasury officials tell Senate Committee accountants will be moved into FOFA world....
Superannuation
ASIC has confirmed the degree to which superannuation trustees can now provide non-licensed advice around super forecasts and retirement estimates....
Financial planning
Compliance consultant Christina Kalantzis has seen an uptick in the number of boutique financial planners looking to 'hand back' their Australian Financial Services Licen...
Financial planning
An increase in ASIC funding to aid the implementation of the FOFA reforms will be partly paid for by an increase in fees charged to AFSL holders....
Life/Risk
A Menai-based insurance broking firm has had its licence suspended for seven months following surveillance conducted by the ASIC....
Policy & Regulation
The best way to get more Australians receiving financial advice in the near future is the introduction of scaled advice, according to the Financial Services Council chief...
Financial planning
ASIC has suspended the licence of boutique advice firm Australian Performance Financial Planning for three months because the company has been put under the control of an...
Financial planning
Victorian-based financial planning practice Future First has moved from under the Hillross umbrella to participate under the Paragem Australian Financial Services Licence...
Financial planning
Unlisted property schemes will be required to adhere to six new disclosure benchmarks from 1 November 2012....
Financial planning
The Mortgage and Finance Association of Australia has expressed concern that the Government's proposed amendments to limited recourse borrowing arrangements (LRBAs) creat...
Financial planning
The independence of accountants who align their businesses with financial planning dealer groups could be called into question, according to RSM Bird Cameron principal Pe...
Financial planning
Paragem Dealer Services will change its name to Pathway Licensee Services as part of the integration of the business with its new parent company, netwealth Group....
Financial planning
ASIC has announced it will extend the interim class order relief granted to lawyers and funders involved in legal proceeding structures as funded representative proceedin...
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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?...