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Superannuation
The Government’s discussion paper on legislating a “purpose” for super defines it as a policy guide rather than a law....
Superannuation
The FSC, AIST, ASFA and ISA have all welcomed the Government’s move to enshrine superannuation in legislation, and hoped this would bring certainty to super policies. ...
Accounting
Perpetual Private has entered into a partnership with a law firm aimed at helping accountants navigate the firm’s full licensing offer....
Financial planning
A former Sydney financial adviser was permanently banned from providing financial services after pleading guilty to three charges of dishonesty, and creating false docume...
Financial planning
Victims of the collapse of Storm Financial will not get a second chance to pursue ASIC over perceived failures to publicise concerns about the advice business....
Features
With the scrapping of the accountants’ exemption from 1 July this year, accountants need to make licensing decisions to continue advising on SMSFs, Malavika Santhebennur ...
Financial planning
The Commonwealth Bank has emerged with a win as the NSW Supreme Court awards $300,000 in damages to a senior executive who successfully pursued an advice-related defamati...
Policy & Regulation
ASIC will continue to focus on good culture in financial institutions but will find it a beast to regulate given it is a vague concept, a law firm says....
Financial planning
NAB’s remediation scheme must be fair and equitable, if it is to work to restore trust in the financial advice sector, Slater and Gordon believes....
Financial planning
Compensation specialists, Maurice Blackburn Lawyers, are inviting investors to register their interest in joining a class action against IOOF....
Financial planning
A superannuation lawyer has decried calls for family trusts to pay full CGT, arguing all loopholes around this have now closed....
Financial planning
The banning of an experienced accountant for breaches of financial services legislation highlights the need for all professionals to be aware of the regulatory framework ...
Policy & Regulation
The Law Council of Australia has backed Government amendments which would exclude Australian private companies from tax transparency laws as alleviating an injustice....
Policy & Regulation
The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....
Policy & Regulation
The ATO has reaffirmed its ruling that the anti-avoidance rule for income tax did not apply to a personal services business paying a related employee super in excess of m...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...