corporations act

Financial planning

Do licensees always need to ‘take all reasonable steps’?

A Federal Court ruling on whether licensees need to ‘take all reasonable steps’ regarding conflicted remuneration could extend to other parts of the advice process, accor...

Financial planning

FSCP by numbers: Which issues are occurring most?

There have been 16 outcomes issued by the Financial Services and Credit Panel since its launch in 2023, which issues or breaches are frequently occurring?...

Policy & Regulation

How could the ALRC report change financial advice?

The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advi...

Financial planning

ALRC financial services legislation report reaches Parliament

Clearer regulation and legislation for financial services is on the horizon as the Australian Law Reform Commission’s inquiry, first launched in September 2020, is tabled...

Policy & Regulation

Financial advice noted as ‘ripest fruit’ for regulatory reform

The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation....

Policy & Regulation

ALRC seeks to better recognise advice professionalism in legislation

The ALRC’s third interim report is seeking to change financial services legislation to better reflect efforts that have been made to improve advice outcomes and professio...

People & Products

ALRC appoints new president

The Australian Law Reform Commission has appointed a new president, six months after the departure of Justice Sarah Derrington in January. ...

Policy & Regulation

The progress of the ALRC review

Not only is there the Quality of Advice Review taking place this year, a legal review into financial services legislation has also been on the agenda....

Policy & Regulation

The ‘disordered share house’ of the Corps Act: ALRC

With two days left to submit responses to the ALRC Review, the Corporations Act has been likened to a “disordered share house” that requires re-design and a deep clean. ...

Financial planning

Removing the financial threshold test

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

ALRC needs to ‘tread carefully’ with simplifying Corporations Act: TAA

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

FSC calls on Govt to provide clear and interactive Corporations Act

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...

Financial planning

Are asset consultants caught in the same ‘independent’ trap as financial advisers?

Questions are being asked about whether the Australian Securities and Investments Commission has been wrong to treat asset consultants differently to financial advisers i...

SMSF

Unlicensed SMSF business ordered to windup

The Federal Court has ordered Secure Investments and Aqulia Group to wind up after it found Secure Investments and its director Mudasir Naseeruddin had breached the Corpo...