regulation

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...

Editorial

Time for ASIC to end the chest-beating

The Australian Securities and Investments Commission has done much post-Royal Commission chest-beating about pursuing litigation but it needs to translate that tough talk...

Life/Risk

Loss of insurance for low-balance accounts could cause legal headaches

Super funds could face legal problems once group insurance for inactive accounts is switched off on 1 July, as members who were unaware they were losing their cover may s...

Life/Risk

Australians urged to ‘click, check and protect’ insurance cover

Australians are at risk of losing their life insurance cover when superannuation changes come into effect in July, as AIA Australia, Commonwealth Superannuation Corporati...

Accounting

AAT rejects application by former tax agent

The Administrative Appeals Tribunal has rejected an application by a former tax agent to stay a Tax Practitioners Board decision to terminate his registration with the ma...

Financial planning

APRA proposals might raise risk within mortgages: Fitch

Fitch Ratings believes that the Australian Prudential Regulation Authority proposals could slightly raise risk within mortgage portfolios where borrowers are granted mort...

Financial planning

FPA and AFA join forces on life/risk commissions

The Financial Planning Association and the Association of Financial Advisers have formed a joint taskforce to help guide the future of life/risk commissions....

Superannuation

Push for easier super fund comparability

Research revealing how alarmingly little consumers know about their super funds’ performance has strengthened calls for the Government and industry to provide an easy-to-...

Financial planning

Sydney former adviser banned for six years

The Australian Securities and Investments Commission has banned a Sydney man, formerly an adviser at Kaz Capital, from providing financial services for six years....

Policy & Regulation

Last report by Parliamentary Committee backs continuing vertical integration

Even though the Federal Election had already been called, the Senate Economics Legislation Committee has vetoed a One Nation bill which would have ended financial service...

Policy & Regulation

ASIC spotlights industry fund vertical integration

The Australian Securities and Investments Commission has broken new ground by imposing a penalty on HostPlus based on the commercial links and consequent service agreemen...

Policy & Regulation

IPA claims dodgy data underpins ALP’s tax advice changes

The Institute of Public Accountants has continued its defence of tax advice fees, arguing the move is unjustified and that the underlying data has been inappropriately us...