policy and regulation

Financial planning

Australia’s financial services sector faces 6 risks

The Australian financial services sector must address six critical challenges in order to navigate risks and opportunities, according to the Australian Sustainable Financ...

Policy & Regulation

Industry funds reject grandfathering rebates

Industry superannuation funds group, the Australian Institute of Superannuation Trustees has rejected the Government’s proposals for a rebate scheme covering grandfathere...

Policy & Regulation

We’re not rorters say accountants

Chartered Accountants Australia and New Zealand have defended the tax deductibility of accountancy advice, vowing that accountants are not rorters....

Policy & Regulation

ASIC overstepping in approving responsible managers

The Australian Securities and Investments Commission is causing headaches for Australian Financial Services licensees by approving responsible managers despite there bein...

Policy & Regulation

SG increase "critical" says ASFA

Moving the super guarantee to 12 per cent is critical to improve retirement income adequacy, according to the Association of Superannuation Funds of Australia. ...

Policy & Regulation

Mitigate risks to avoid LRBA ban says SMSFA

An outright ban on limited recourse borrowing arrangements could be avoided by just addressing risk factors, according to the SMSF Association....

Policy & Regulation

ASIC to look into MiFID II impacts

ASIC has engaged UNSW to survey Australian fund managers that may be impacted by the European Union’s MiFID II rules, noting that the regulations may become an unofficial...

Policy & Regulation

Foster Stockbroking director banned

The Australian Securities and Investments Commission has banned director of Foster Stockbroking, Mark Joseph Hinsley, from providing financial services for three years. ...

Policy & Regulation

Key changes urged to Age Pension means test

The Institute of Actuaries has urged the Government to consider imposing a dollar cap on the value of the family home that is exempt from the Age Pension means test....

Policy & Regulation

Perth accountant jailed for tax fraud

Perth-based accountant, Shane Read, has been sentenced in the Perth District Court to four years’ jail for tax fraud....

Policy & Regulation

Fair redundancy, retirement scheme payments on horizon

The Coalition Government is reforming genuine redundancy and early retirement scheme payments as part of its promise to deliver lower taxes....

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...

Policy & Regulation

ASIC penalises Berndale Capital Securities

The Australian Securities and Investments Commission has cancelled a Melbourne-based OTC derivative issuer’s licence and its former director has been banned. ...

Policy & Regulation

ASIC cancels Financial Circle’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....