regulation

Policy & Regulation

High risk hedge funds are still under scrutiny by the Australian Securities and Investments Commission but the regulator is refusing to reveal how it is going about its b...

Policy & Regulation

ASIC fines publisher over misleading promo guide

The Australian Securities and Investments Commission has found Port Phillip Publishing (PPP) and its former director Kristan Sayce liable for printing a misleading guide ...

Policy & Regulation

ASIC wealth management investigations soar by 216%

The Australian Securities and Investments Commission has increased investigations into wealth management by 216 per cent in the last six months....

Policy & Regulation

Regtech demonstration shows future of compliance

Regtech companies have showcased the power of their technology at the ASIC Regtech Monitoring Financial Promotions symposium, to show the future of compliance....

Policy & Regulation

APRA urged to be more forceful

A critical Government-commissioned review of the Australian Prudential Regulation Authority appears likely to see it adopting a more overtly forceful approach based on st...

Financial planning

Call for single planner regulatory regime

The Financial Services Council has called on the Government to use a review of the Tax Practitioners Board to align and streamline the financial planner regulatory regime...

Policy & Regulation

TPB warns on unregistered tax agents

The Tax Practitioner’s Board has issued a warning that people who use unregistered tax agents do not receive safe harbour protections when things go wrong....

Financial planning

Tax strategy options open up via catch-up contributions

Technical expert, Rob Lavery believes the 1 July changes allowing catch-up contributions have opened the way for astute tax management strategies....

Funds management

New Vic laws to increase costs for unlisted property funds

Victoria’s new stamp duty laws will drive up costs for unlisted wholesale and retail property funds sector, according to the Property Funds Association....

Superannuation

Hume reiterates call to end super culture wars

The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume has reiterated her call for an end to the culture wars ...

Financial planning

Planner exam – more Canberra lobbying required

Financial planners face the need to convince the Senate cross-bench of the virtue of allowing more time for them to sit the Financial Adviser Standards and Ethics Authori...

Superannuation

Firms reminded on exit fees ahead of PYSP

ASIC is reminding product issuers that as part of their implementation of Protecting Your Super Package, they need to take care that, from 1 July 2019, Product Disclosure...

Superannuation

Will APRA’s latest AMP hit impact super outsourcing tenders?

The Australian Prudential Regulation Authority’s decision to impose new licensing conditions on AMP’s superannuation businesses could not have come at a worse time, with ...

Policy & Regulation

Court cracks down on unnecessary liquidator charges

Liquidators should pay heed to a decision from the Federal Court to fix the remuneration of the liquidators of three Adelaide companies at $3.9 million, compared to the $...

Features

Why not litigate: Empty threat or a sign of a teething tiger?

As the Australian Securities and Investments Commission shifts to a ‘why not litigate’ approach to pursuing breaches of financial services and corporate law, Hannah Woott...