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ALRC
Funds management
It is important to ensure that technology does not drive the regulation of crypto assets or compliance could be difficult to achieve, according to the Australian Law Refo...
Policy & Regulation
The Australian Law Reform Commission has published its second interim report on changes to financial services legislation including a proposed legislative model. ...
Financial planning
There is much Australia can learn from the United Kingdom’s regulatory framework, including its strength of being more easily navigable and a focus on outcomes rather tha...
Financial planning
Financial services organisations have disagreed with the ALRC’s proposals regarding retail and wholesale clients, arguing the asset and income test exemptions are outdate...
Policy & Regulation
The ALRC has detailed the stakeholder feedback it has received regarding definitions of financial advice and possible changes to the terms, although it will hold off maki...
People & Products
Justice Sarah Derrington, president of the Australian Law Reform Commission, has been recognised as a Member of the Order of Australia in this year’s Queen’s Birthday Hon...
Financial planning
Consumer protections for sophisticated investors need to be reviewed as the size of their wealth does not necessarily equal their financial knowledge, according to Justic...
Financial planning
Australian Law Reform Commission (ALRC) president, Justice Sarah Derrington, has illustrated her vision for the financial services industry following the commission’s rev...
Financial planning
There are mixed views on the proposed decoupling of ‘personal advice’ from the definition of ‘financial service’, according to submissions to the ALRC’s Financial Service...
Features
The Australian Law Reform Commission’s inquiry into the simplification of financial services legislation is expansive, multi-phased and worthy of unpacking, Liam Cormican...
Financial planning
The financial threshold test should be removed, according to Super Consumers Australia and a leading consumer advocacy lawyer, as measuring net worth is an unreliable ind...
Financial planning
The ‘shifting sands’ of regulatory approaches has resulted in financial services legislation that is unwieldy and extraordinarily complex, according to the Australian Law...
Financial planning
The Advisers Association says the Australian Law Reform Commission needs to “tread carefully” with simplifying the Corporations Act and continue to conduct wide-ranging c...
Financial planning
The ability to access free online information about financial services law should be a priority for the Government before any reform of the Corporations Act, the Financia...
Features
The latest proposal suggested by the financial advice industry is to move to one focused on principle-based legislation and for changes to the Corporations Act, writes La...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...