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TREASURY LAWS AMENDMENT
Superannuation
The former Howard Government never went far enough on superannuation choice in 2005 and the Government should not baulk at addressing the problem this year, according to ...
Tech
Fintechs will now have a regulatory sandbox that will allow them to test new products and services for 24 months without obtaining a financial services or credit licence....
Policy & Regulation
The Federal Government has been accused of pandering to the big banks and reneging on the recommendations of the Royal Commission by pursuing new legislation to alter def...
Policy & Regulation
The likely introduction of a Director Identification Number (DIN) next year may put paid to some controversial multiple directorship in the financial services industry....
Editorial
It appears that the Government moved to end grandfathering from the beginning of 2021 without knowing the precise dimensions of the issue and without taking into consider...
Policy & Regulation
Unscrupulous employers who use their employees’ salary sacrifice superannuation contribution to reduce their superannuation guarantee obligations should be stopped, accor...
Financial planning
The Federal Government is set to introduce legislation locking in a 1 January, 2021, date for the end to grandfathered commissions....
Superannuation
The commencement date for switching off insurance inside super for low balance accounts should be deferred to 1 October, this year, according to a leading superannuation ...
Policy & Regulation
The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses including board renewal and removal of conflicts of interest....
Superannuation
The Australian Prudential Regulation Authority has not waited on passage of Government legislation and has, instead, set new prudential requirements to support an outcome...
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...
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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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...