treasury

Editorial

The global financial crisis has dampened Australians’ ardour for lump sum superannuation payouts, with the result that a rash of new pension products are coming to market...

Editorial

Financial services reform: If it ain't broke

Reading their submissions to the Ripoll inquiry, it's clear that not only do ASIC and Treasury hold very different views, but Treasury, in particular, has no desire to se...

Financial planning

FPA warns against regulatory overkill

FPA warns the Government of a double regulatory burden on planning firms as a result of the new National Consumer Credit Protection legislation....

Financial planning

AFA backs Treasury line on planning

The Association of Financial Advisers will use today's Ripoll Inquiry hearings to back Treasury warnings about unintended consequences flowing from changes to financial p...

Financial planning

Bowen reserves right to legislate on commissions

The Minister for Financial Services, Chris Bowen, has acknowledged the conflicting positions of Treasury and ASIC on financial planning....

Policy & Regulation

Tax changes to financial services supply will increase costs

The Association of Superannuation Funds of Australia has warned the mooted changes to the tax regime covering the supply of financial services will increase costs....

Financial planning

Treasury defends asset-based fees

A submission by Treasury to the Ripoll inquiry has pointed to the contraction that would occur in the financial advice market if certain fees and commissions were banned,...

Financial planning

ASIC takes on bigger role in market supervision

Treasury announces ASIC to be responsible for supervision and enforcement of the laws against misconduct on Australia's financial markets....

Financial planning

Treasury readies draft margin lending documents

Draft margin lending regulations and 'example documents', including a draft Product Disclosure Statement, are likely to be released within the next couple of weeks, accor...

Financial planning

Basis for Corporations Act, ASIC's role could be revisited

The chairman of the Australian Securities and Investments Commission has hinted that the basis for the Corporations Act and ASIC's role may be re-examined....

Financial planning

ATO over-charging on Lost Members Register

The Association of Superannuation Funds of Australia has claimed the Australian Taxation Office may be claiming more than it actually costs to run the Lost Members Regist...

Financial planning

Multi-managers snare for the unwary

David Cooper warns of the potential pitfalls and traps for investors in the increasingly diverse multi-manager industry....

Financial planning

Klipin calls on Treasury to restrict use of 'financial adviser' term

The term 'financial adviser' should be restricted to those who are regulated by the Australian Securities and Investments Commission....

Financial planning

Financial services policy review: changing horses in 2009

Thanks to the Rudd Labor Government's first Cabinet reshuffle financial services now has a seat at the Cabinet table but, as Mike Taylor reports, it remains for the indus...

Policy & Regulation

Review of super limited by tax review

The Federal Government has announced the terms of reference for its latest review of superannuation but has excluded issues being dealt with by the Henry Tax Review....