regulation

Editorial

Growing opportunities out of the sandbox

Mike Taylor writes that ASIC’s proposal for a regulatory sandbox may prove to be a decisive element in the growth of Australian fintechs....

Features

What’s keeping advisers up at night? – Adviser Sentiment Part 1

The financial planning industry has probably accepted by now that change is a constant, stemming from legislation, regulation, or the Budget. Malavika Santhebennur wades ...

Features

What’s the cost of bedding down FOFA? – Adviser Sentiment Part 2

Financial planners talk about what the costs of implementing FOFA have been for their practices even as they contemplate the next suite of changes stemming from tinkering...

Financial planning

ASIC sets guidance on robo-advice monitoring

ASIC has released a consultation paper on guidance for robo-advice providers, highlighting that licensees should appoint human advisers to monitor and test digital advice...

Policy & Regulation

Xenophon questions future of FOS

Independent Senator, Nick Xenophon has questioned the future of FOS following its handling of a case that ended in the Supreme Court....

Financial planning

Accountability gap in Govt proposal to protect client money

While the Government’s proposal to protect client money is a step in the right direction it does not outline how it will be monitored, Saxo Capital Markets believes....

Policy & Regulation

Debt management firms front-loading fees: ASIC

Many debt management firms are front-loading fees to increase consumers’ commitment through sunk costs, an ASIC report reveals....

Policy & Regulation

Westpac pays price for boosting credit card limits

Westpac will pay $1 million to support financial counselling and literacy initiatives, for failing to comply with its responsible lending practices....

Policy & Regulation

Significant agenda of regulatory policy development in 2016

Implementing individual requirements, and adapting business strategy to regulatory initiatives, is best done with an understanding of policy intent and future reforms, De...

Policy & Regulation

Advisers warned on foreign ownership laws

Advisers could face penalties for assisting foreign investors to breach property ownership laws, under legislation that comes into force today....

Funds management

ASIC proposes to raise horse racing syndicate investment to $50K

ASIC has consulted on addressing ‘sunsetting’ class orders on horse racing syndicates and horse breeding schemes....

Financial planning

Complexity of products a challenge: ASIC

Product intervention powers are a step in the right direction for ASIC in dealing with complex financial products, the regulator believes....

Financial planning

Deloitte announces centre for regulatory strategy in APAC

Deloitte Australia has today launched a new centre to assist financial services companies manage regulatory challenges across Asia Pacific....

Accounting

Australia “in desperate need” of competition reform: IPA

IPA chief executive, Andrew Conway, is urging the Federal Government to take conclusive action regarding the Harper Review to achieve real competition policy reform....