treasury

Financial planning

Exclude advice from product intervention, says FPA

The Financial Planning Association (FPA) has welcomed the fact that financial advice and how it is delivered has been excluded from draft legislation handing the Australi...

Policy & Regulation

Government creates second APRA deputy chair role

In an effort to strengthen the regulator, the Turnbull Government has nominated Treasury veteran John Lonsdale to fill a newly created second deputy chair role at the Aus...

Policy & Regulation

Treasury targets foreign investors

The Turnbull Government has released draft legislation on the tax treatment of stapled structures aimed at ensuring foreign investors pay their fair share of tax....

Funds management

PFA warns that regulation could hurt retail investors

A proposal by Treasury to increase regulation for unlisted property products could lead to fewer products being available to retail investors, the Property Funds Associat...

Financial planning

Morrison tests banks with Open Banking regime

The Federal Government will further test its relationship with the major banks after initiating an Open Banking review aimed at giving consumers greater transparency and ...

Policy & Regulation

Make product manufacturers provide warranties says CFP

Financial services product manufacturers should not be allowed to weasel out of their obligations and should be made to provide warranties around their retirement income ...

Superannuation

SMSF Association urges policy certainty

SMSF Association chief executive, Andrea Slattery, has pointed to the need for super policy certainty amid the current market volatility....

Features

Laying down the law – legislation in limbo: SMSFs

Malavika Santhebennur looks at what legislative changes the SMSF sector can expect in 2016 and what remains in limbo in part two of this feature on SMSFs....

Financial planning

FPA concerns over ASIC funding model

The FPA has provided Treasury with its submission on the proposed industry funding model for ASIC. In its submission, the FPA has highlighted its concerns about the equit...

Financial planning

Existing planners in limbo over FSI response

The Government’s decision to lift minimum education standards for new planners puts 22,500 existing financial planners in limbo, DeakinPrime warned. ...

People & Products

New Assistant Treasurer steady on policy focus

While Kelly O’Dwyer has succeeded Josh Frydenberg as Assistant Treasurer most of the key advisory personnel are expected to remain in place....

Superannuation

Treasury to resolve pension transfer block

Australian super funds have lobbied Treasury to seek a resolution over the tax block imposed on UK pension tranfers...

Funds management

ASIC warned on PDS shortcomings

ASIC has been warned that cobbling together guidance on PDS fee disclosure is not enough and that the underlying legislation needs to be fixed....

Superannuation

Ulterior motives driving super critics

People with ulterior motives are misusing Treasury data to drive their own agendas, according to a Money Management roundtable....

Financial planning

Government moves to 'guard against risk' of FMI failure

Concerns over the threat posed by potential failures of FMIs to the financial services sector have prompted the Government to consult the industry. ...