policy

Policy & Regulation

Stand-alone act needed for whistleblowers

A robust and independent whistleblowing process needs to replace the current act to help employees feel comfortable about fearlessly reporting misconduct, the Governance ...

Policy & Regulation

SMEs losing confidence in Turnbull Govt

A new survey suggests small and medium businesses are losing confidence in the Turnbull Government even though they have faith in the economy....

Policy & Regulation

Make product manufacturers provide warranties says CFP

Financial services product manufacturers should not be allowed to weasel out of their obligations and should be made to provide warranties around their retirement income ...

Policy & Regulation

No grounds for outright product-based payment ban

Stephen Sedgwick’s report into retail banking remuneration failed to find substantial reason for an outright ban on product-based payments but made recommendations to pro...

Financial planning

Sedgwick report overlooks scandal-ridden areas

Stephen Sedgwick’s review into retail banking remuneration was limited in its terms of reference, meaning it did not examine areas of financial services that have been ri...

Policy & Regulation

Banks and insurers not capable of self-regulation says union

The Future of Financial Advice ban on conflicted remuneration should be expanded to encompass the salaries of bank executives, according to the Finance Sector Union....

Life/Risk

FSC urges life APL choice

The FSC has released a draft standard paper for consultation, which proposes that life insurance APLs must have compulsory provider and product choice....

Policy & Regulation

Parliament introduces ASIC funding model

The Federal Government introduced the ASIC industry funding model bill into Parliament on Thursday, which would require entities to fund it rather than taxpayers....

Tools & guides

Looking at the old with the new – TAPs and transfer balance cap

Josh Rundmann looks at myth busting term allocation pension treatment misconceptions....

Features

To study or not to study – Education feature part 2

When the Government initially announced the professional standards bill, one of the biggest concerns was whether there would be an early retirement exodus of late-career ...

Policy & Regulation

Call for mandatory tax reporting

The Institute of Public Accountants has recommended that an ABN withholding tax system be introduced for select industries....

Superannuation

Black money crackdown should focus on SG

The Federal Government’s crackdown on the black economy should include a focus on non-compliance with the superannuation guarantee in the cash economy. ...

Policy & Regulation

Financial reports need more clarity, realism

ASIC has called on companies who prepare financial reports to present information in a useful and meaningful way for their users....

Superannuation

Labor’s super policies slammed

The minister of revenue and financial services has criticised Labor for changing its super policies multiple times, and said it would be a tax grab from those wanting to ...