inquiry

Financial planning

Inquiry recommends SIT changes to prevent AFSL abuse

The parliamentary inquiry into the sophisticated investor test (SIT) has recommended making the test less subjective in order to prevent abuse by AFSLs....

Financial planning

Senate defers Dixon Advisory inquiry report

The Senate has opted to extend the date of the inquiry into Dixon Advisory and wealth management companies, having originally been scheduled to complete next month....

Financial planning

FAAA urges literacy test to determine wholesale investors

The FAAA has told a parliamentary joint committee that instituting a financial literacy test could help ensure clients avoid being misclassfied as wholesale cinvestrs....

Financial planning

FAAA says E&P delisting won’t prevent Dixon scrutiny

The FAAA’s Phil Anderson has said the delisting of E&P Financial Group won’t stop the company coming under scrutiny in the public inquiry....

Financial planning

FAAA’s Anderson questions Dixon Advisory secrecy

The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volu...

Policy & Regulation

ASIC inquiry dispute continues as Labor appears in Senate

The war of words regarding ASIC’s provision of evidence to a Senate inquiry has continued as Labor senator Katy Gallagher appears in the Senate to provide an explanation ...

Policy & Regulation

ASIC slammed by Senate committee for undermining inquiry

ASIC has been called out by the Senate economics reference committee for undermining the process of an inquiry into its investigation and enforcement actions by submittin...

Policy & Regulation

Litigation funding inquiry set up

A new litigation funding inquiry is to begin by the Parliamentary Joint Committee on Corporations and Financial Services to shine a light on the practices of lawyers. ...

Superannuation

Report should have lifted life insurance exemption

Superannuation and insurance law firm Berrill and Watson has said that the Parliamentary Joint Committee into Superannuation’s report should have lifted the exemption of ...

Financial planning

APRA inquiry net captures former CBA executives

Former Commonwealth Bank executives have found themselves captured in the Australian Prudential Regulation Authority’s inquiry into the bank along with how they were remu...