Josh Frydenberg

Financial planning

Gov announces financial counselling review

Building on comments from Royal Commissioner Kenneth Hayne on the importance of financial counselling financing, the Government has announced a review of the funding of t...

Financial planning

Grandfathering to end

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

Policy & Regulation

Regulators signalled to use the powers they’ve got

The Federal Treasurer, Josh Frydenberg has sent a clear signal to the financial services regulators that he supports the view that they don’t need more powers and should ...

Policy & Regulation

Frydenberg names new ASIC deputy chair

The Federal Government has appointed the Productivity Commission deputy chair, Karen Chester as the replacement for Peter Kell as deputy chair of the Australian Securitie...

Policy & Regulation

New calls for last resort compensation scheme

Rather than increasing funding to the regulators the Government should be pursuing a last resort compensation scheme, according to the Victims of Financial Fraud group....

Policy & Regulation

Govt to double employee share scheme limit

The Federal Government is proposing to increase the value limit of products in employee share schemes that can be offered in a 12-month period from $5,000 to $10,000 per ...

Superannuation

Budget super reforms to go before Senate

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

Superannuation

Frydenberg rules out SG change

The Federal Treasurer, Josh Frydenberg has made clear the Government will opt for retirement income certainty rather than the superannuation guarantee recommendations of ...

Financial planning

VOFF letter added to Coalition’s woes

Victims of Financial Fraud has written to Treasurer Josh Frydenberg to remind him how vehemently the party objected to holding a Banking Royal Commission. ...

Policy & Regulation

Frydenberg urges tougher ASIC approach

The Federal Treasurer has reinforced that he wants the Australian Securities and Investments Commission to take a tougher approach in pursuing litigation rather than nego...

Policy & Regulation

Govt moves to double financial services penalties

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

Policy & Regulation

Licensees, not planners face RC-imposed changes

Financial services licensees rather than individual planners are facing the most change likely to result from the preliminary findings of the Royal Commission into Miscon...

Policy & Regulation

Frydenberg cites fees for no service as RC take-out

The Federal Treasurer, Josh Frydenberg, has cited fees for no service and the failures of the regulators as being among his Royal Commission take-outs....

Policy & Regulation

It’s official: ASIC uncoupled from public service

The Australian Securities and Investments Commission has been formally legislatively uncoupled from the Australian Public Service, allowing it to employ people on competi...

Policy & Regulation

Kell to leave ASIC before year’s end

Peter Kell has resigned as deputy chair of the Australian Securities and Investments Commission, effective from 6 December, this year, following seven years of service at...