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LEGISLATION
Life/Risk
A key Senate Committee has been told that the Government’s new Design and Distribution Obligations and Product Intervention powers risk putting advisers in conflict with ...
Policy & Regulation
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...
Superannuation
Industry Super Australia is urging the Government to legislate to compel employers to pay the superannuation guarantee at the same time they pay wages to overcome continu...
Funds management
DomaCom has said it is pleased with the revised managed investment trust legislation which has removed a residential property prohibition....
Policy & Regulation
The Federal Government has released draft legislation allowing the Australian Securities and Investments Commission to recoup its costs from industry at the rate of $175....
Superannuation
Minister for Revenue and Financial Services, Kelly O’Dwyer, has announced that the Government will make legislative changes to grant victims of serious crimes access to p...
Policy & Regulation
The major backers of establishing an Australian Financial Complaints Authority have welcomed passage of the necessary legislation through the Parliament....
Funds management
CommBank has said proposed changes to New Zealand legislation hybrid capital securities will not impact PERLS distributions....
Policy & Regulation
General industry resistance to the inclusion of the Superannuation Complaints Tribunal in the proposed new Australian Financial Complaints Authority means the Government’...
Life/Risk
The Supreme Court of New South Wales has heard a case on encumbered property which was resolved against a contrary intention....
Editorial
Mike Taylor writes that when the Government introduced the ‘significance test’ to the AFSL breach reporting regime in 2003 it was seen as sensible moderation but all that...
Policy & Regulation
The Government has been warned that there are significant tax treatment shortcomings in draft legislation being contemplated to underpin the new MyRetirement regime capab...
Policy & Regulation
The Federal Government introduced the ASIC industry funding model bill into Parliament on Thursday, which would require entities to fund it rather than taxpayers....
Superannuation
Superannuation was no longer the efficient investment tool for high net worth individuals and entrepreneurs to build their wealth, according to a tax strategist....
Financial planning
The Minister for Revenue and Financial Services, Kelly O’Dwyer, has introduced the bill to mandate professional standards and education into Parliament today....
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MARKET INSIGHTS
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...