Australian financial services licence

AUSTRALIAN FINANCIAL SERVICES LICENCE

Financial planning

ASIC confirms licensees have been notifying adviser code breaches

With or without code monitoring bodies or a single disciplinary body, some licensees have been breach-reporting to ASIC on adviser code breaches....

Policy & Regulation

ASIC warns real estate agents on early release super advice

The Australian Securities and Investments Commission has fired a shot over the bows of real estate agents who have been providing ‘advice’ to hard-pressed tenants about a...

Financial planning

New AFSL for entities who sell funeral expenses facilities

The Australian Securities and Investments Commission has announced that entities who sell funeral expenses facilities will be required to hold an Australian financial ser...

Financial planning

Future of group purchasing bodies unclear

Firms looking to structure its group purchasing arrangements should look to alternatives as the group purchasing body relief might be replaced soon....

Financial planning

ASIC cancels AFS licence of KP International Group Australia

The Australian Securities and Investments commission has cancelled the Australian financial service licence of KP International Group Australia due to resignation of all ...

Funds management

ASIC takes action against Marco’s managed investment scheme

The Australian Securities and Investments Commission has taken further steps to wind up Chris Marco’s alleged unregistered managed investment scheme....

Policy & Regulation

Platinum Perpetual Global Private Wealth AFSL cancelled after police charges

Platinum Perpetual Globe Private Wealth has lost its Australian financial services licence after charges brought by Western Australian police....

Features

Law and order… and ASIC

The financial services regulator responded to Royal Commission criticism with a ‘why not litigate?’ approach. Jassmyn Goh finds out what this means for advisers and how t...

Financial planning

AAT upholds ASIC ban of client adviser

The AAT has affirmed ASIC’s to ban Mark Menzies from providing financial services, after he had engaged in manipulation of the price of MINI Warrants commonly known as “M...

Policy & Regulation

ASIC issues retail OTC warning

The Australian Securities and Investments Commission has issued another clear warning to retail Over the Counter derivatives traders about the limitations of their licens...

Policy & Regulation

Exclude advice obligations from insurance claims – ASFA

Insurance claims handling should not be encumbered by the same obligations as financial advice because it would risk making it unaffordable to super fund members, accordi...

Financial planning

ASIC imposes additional conditions on SMSF Advisers Network

The Australian Securities and Investment Commission has imposed additional licence conditions on SMSF Advisers Network....

Financial planning

Futuro ends AMP link

Brisbane-based financial planning firm, Futuro Financial Services has declared an end to his long-running AMP relationship....

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...