treasury

Financial planning

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....

Financial planning

LICs becoming attractive

Treasury group points to the attractiveness of listed investment companies....

Financial planning

ASIC gets funding boost

The regulator will receive more than $81 million over four years in an effort to boost its 'front line' monitoring and enforcement activities in light of the current econ...

Superannuation

Dangers still lurk when borrowing in SMSFs

There are still a number of legal issues that need to be resolved by the ATO and Treasury in relation to borrowing within SMSFs, and these grey areas represent a potentia...

Financial planning

Market conditions improving?

Steadying emerging markets provide profit opportunities while sustained rallies in US and Asian equities may erase losses in market averages, according to Putnam....

Financial planning

Sequal moves to fix break fee disclosure

Partly in response to pressure for changes to the disclosure of fixed rate break fees in equity release/reverse mortgage PDSs, the Senior Australians Equity Release Assoc...

Financial planning

ASFA spearheads ratings initiative

The Association of Superannuation Funds of Australia has undertaken to spearhead the formation of a new industry-wide framework to rate the risk, return and liquidity of ...