SENATE

Policy & Regulation

Assistant Treasurer and minister for financial services, Stephen Jones, has welcomed the Senate inquiry into ASIC investigation and enforcement....

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Policy & Regulation

The Senate Economics References committee has published the terms of reference for its inquiry into ASIC enforcement and welcomed submissions....

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Funds management

The final report into Sterling Income Trust has concluded the regulator displayed a “lack of concern” and its failure to take proactive action mean it is unlikely regulat...

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Superannuation

The Your Future, Your Super bill has now been passed in the Senate and will come into force on 1 July, 2021. ...

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Financial planning

It took a Government Senator with a significant policy background in financial advice to speak sense on the folly of implementing annual opt-ins just because the Royal Co...

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Policy & Regulation

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

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Financial planning

The Financial Planning Association has urged the Government to make financial advice tax-deductible if it is provided by ‘registered financial planners’....

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Superannuation

Industry Super Australia has called on politicians to put super fund members’ interests above politics in Parliament this week and debate and pass proposed laws to improv...

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Policy & Regulation

Some of the Government’s most important superannuation policy legislation has remained stranded on the notice paper with Parliament rising until February and an election ...

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Superannuation

Industry Super Australia has welcomed the passage superannuation reforms through the Senate this week, but warned that they don’t go far enough to remedy the problem of u...

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Superannuation

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

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Superannuation

Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the Government has made clear the issue remains very much al...

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Policy & Regulation

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

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Policy & Regulation

Most financial planning businesses will be eligible for a $20,000 instant asset write-off as part of legislation which passed the Senate on Wednesday....

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Policy & Regulation

The Australian Securities and Investments Commission wants its new product intervention power to have enough teeth to preclude participants in the financial services food...

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