regulation

Features

Mike Taylor writes that planners should brace themselves for the additional compliance burden resulting from the looming passage of the Treasury Laws Amendment (Design an...

Policy & Regulation

Poor breach reporting a lead indicator for ASIC embedding

The Australian Securities and Investments Commission has signalled that financial institutions with a poor breach reporting record are likely to find themselves dealing w...

SMSF

SMSF policy changes put pressure onto trust deed updates

Following a period of significant change for self-managed superannuation fund policy, trustees and their advisers should remember to review trust deeds, weathdigital has ...

Policy & Regulation

ACCC identifies as fin services ‘competition champion’

The Australian Competition and Consumer Commission has told a key parliamentary committee it is funded and empowered to be the financial services “competition champion”....

Policy & Regulation

Australian open banking at “significant risk,” Trade Ledger says

The global corporate lending platform has warned the Federal Government of substantial weaknesses in its proposed Open Banking implementation plan....

Policy & Regulation

Warning on tax changes to international capital

The Federal Government has been warned of unintended consequences flowing from its plans to impose a 30 per cent withholding tax on international capital in the property ...

Superannuation

Super funds baulk at operational risk reserving

Major superannuation funds have expressed concern at having to retain at least 0.25 per cent of their funds under management to meet operational risk financial requiremen...

Policy & Regulation

Industry funds urge comparability on member switching

Industry superannuation funds are urging the imposition of greater comparability around fees, costs and performance to give transparency around advisers switching members...

Policy & Regulation

Industry funds at risk from Labor policy

New analysis suggests that Labor’s proposed changes to dividend imputation could have unintended consequences extending well beyond SMSFs to industry and retail superannu...

Policy & Regulation

ASIC provides relief on ETF short-selling

The Australian Securities and Investments Commission has provided legislative relief that will allow exchange-traded fund market makers to make named short sales in ETF a...

Financial planning

ASIC permanently bans former NAB branch manager

The Australian Securities and Investments Commission has permanently banned former NAB branch manager, Mathew Alwan....

Policy & Regulation

ASIC urges mandating minimum SMSF balance

The Australian Securities and Investments Commission has urged the mandating of a minimum balance for self-managed superannuation funds and a ban on limited recourse borr...

Policy & Regulation

Luxembourg, US and ASIC enter fintech agreement

The Luxembourg Commission de Surveillance du Secteur Financier and the US Commodity Futures Trading Commission have each entered agreements with ASIC to cooperate and und...

Superannuation

Bank super directors ‘hopelessly conflicted’

The conflicted nature of advice fees deducted from the accounts of members of bank-owned superannuation funds have been brought into question by a former member of the Su...

Policy & Regulation

Dover’s McMaster tells his own story

The director of now closed Dover Financial Planning, Terry McMaster, has written a series of articles defending his position and questioning the motivations and approach ...