regulation

Policy & Regulation

The Australian Securities and Investments Commission has revealed the big insider trading fish it failed to catch for wont of an ability to phone tap the culprits....

Financial planning

Will rising regulatory costs drive out licensees?

The Association of Financial Advisers has warned the Government the growing burden of regulatory costs could see some smaller financial services licensees exit the sector...

Life/Risk

NSW Supreme Court clears up inheritance concerns over property

The Supreme Court of New South Wales has heard a case on encumbered property which was resolved against a contrary intention....

Policy & Regulation

Tough new licensing powers flagged for ASIC

Want an AFSL? Better be ‘fit and proper’. A Government taskforce is proposing tough new powers which would enable ASIC to refuse licensing to those it deems not to be ‘fi...

Features

Financial planning at another crossroad

Mike Taylor writes that the creation of the Financial Adviser Standards and Ethics Authority has brought the financial planning industry to another crossroad on its journ...

Financial planning

Bank employees union rejects ABA ‘bad apple’ protocol

The Finance Sector Union wants an independent Government regulator to handle background checks and other protocols aimed at weeding out financial services bad apples....

Financial planning

ASIC fixes full AFSL regulatory anomaly

The Australian Securities and Investments Commission has fixed a regulatory anomaly which was unjustifiably hindering full AFSL-holders in delivering tax-exempt advice....

Policy & Regulation

Bank levy gone from bad tax to secret tax

The ABA has expressed angst over the Government’s move to force the major banks’ senior executives to sign confidentiality agreements before releasing the legislation....

Policy & Regulation

The regulatory loophole used by debt advisers

Debt management advisers are operating via a regulatory loophole and need to adhere to the same regulatory standards as financial planners, a parliamentary committee has...

Life/Risk

CommInsure claims clean bill of health

CommInsure has told a Parliamentary Committee it has a clean bill of health with respect to allegations over missing or altered documents within its Medical Officers Refe...

Editorial

Why an ASIC product-intervention power should be welcomed

Financial services product manufacturers should be prepared to stand behind their offerings and ensure they are directed to the right consumers by the right people....

Editorial

One rule for all

Wayne Leggett explains why it is mortgage brokers, not planners, who have the upper hand in terms of influencing the amount of money they manage....

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 ...

Superannuation

Parliament told: Don’t bail out bad SMSF decision-makers

SMSF trustees who make bad decisions should be responsible for their choices and be denied access to an industry-funded compensation fund, according to the SMSF Owner’s A...

Financial planning

Aussie advisers most affected by regulation

Australian advisers reported feeling most challenged by their professional environment due to regulatory and compliance burden, compared to the rest of the world....