regulation

Financial planning

A Hobart financial planner who was not sufficiently trained, despite holding a Diploma of Financial Planning from Kaplan, or competent to provide financial services has b...

Policy & Regulation

Tax agents banned following consumer complaints

Two registered tax agents, QTR Accountants and Nicoh Group, have had their registrations terminated following 19 consumer complaints about their conduct....

Policy & Regulation

Kaz Capital hit with further compliance review

ASIC has imposed additional conditions on the Australian financial services licence of Kaz Capital, following concern on the adequacy and effectiveness of the company’s c...

Policy & Regulation

Where are this year’s pre-Budget submissions?

Industry organisations and firms have until 1 February to lodge a pre-Budget submission with the Federal Treasury but, thus far, no one actually has....

Policy & Regulation

When being a chartered accountant is not enough

Having an unblemished record as a chartered accountant is not justification in itself for being granted an Australian Financial Services License, according to the Adminis...

Superannuation

ASIC weak on super fee disclosure: ISA

Industry Super Australia has warned that the Australian Securities and Investments Commission’s latest recommendations on super fee disclosure don’t go far enough in crea...

Policy & Regulation

Academics urge board to monitor ASIC and APRA

A new research paper developed by three academics has urged the imposition of an over-arching assessment board to oversight the effectiveness of the Australian Securities...

Policy & Regulation

IOOF’s Kelaher and Venardos step aside

IOOF managing director, Christopher Kelaher and chairman George Venardos have stepped aside from their positions pending the outcome of the Australian Prudential Regulati...

Policy & Regulation

APRA moves to disqualify IOOF executives including MD

The Australian Prudential Regulation Authority has initiated action against IOOF including seeking the disqualification of its most senior executives, including managing ...

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...

Financial planning

ASIC punishes Solar for licensee oversight

The Australian Securities and Investments Commission has cancelled the licence of a Sydney-based financial advisory firm following surveillance into potential issues of l...

Superannuation

“Army of lobbyists” pushed Govs for light super regulation

The Australian Institute of Superannuation Trustees has accused successive governments of providing “dozens of regulatory carve-outs … benefitting retail super providers ...

Superannuation

Funds cautious on divorce super splits

Superannuation funds have no desire to become compulsory third parties to divorce proceedings....

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....