federal government

Superannuation

The Australian Taxation Office has issued a reminder that employers need to increase the compulsory minimum superannuation payments on behalf of employees from July 1....

Policy & Regulation

National summit urged to resolve planning issues

The FPA has urged the calling of a national summit to resolve the issues raised in the 61 recommendations of the Senate Committee report....

Policy & Regulation

Australian regulatory protection ‘inferior’

Australia has developed a regulatory protection regime for investors which is inferior, according to Paul Resnik. ...

Policy & Regulation

Disallow FOFA regulatory changes says ISA

Industry Super Australia has called on the Senate to disallow the Government’s FOFA regulatory changes claiming they will see a return to the bad old days....

Policy & Regulation

Cormann’s FOFA reforms plan gets mixed reaction

Industry lobbyists are giving the Federal Government’s decision to plough ahead with the implementation of some elements of the Future of Financial Advice reforms a mixed...

Policy & Regulation

Govt’s FOFA changes tighten up on conflicted rem

The planning industry has welcomed the Government’s FOFA changes most of which will be imposed via regulation but which include a tougher approach to conflicted remunerat...

Policy & Regulation

Cormann moves to impose FOFA changes

The Federal Government has moved to impose much of its FOFA changes by almost immediate regulation but with significant tightening around conflicted remuneration....

Financial planning

Conflicted remuneration should be defined in law

SPAA claims that explanatory statements to FOFA amendments will be ineffective and best interest duty and conflicted remuneration should be defined within legislation....

Policy & Regulation

Senate Committee gives thumbs up for FOFA amendments

Senate Committee recommends FOFA amendments be passed but Greens and Labor Senators object to all the suggested changes....

Policy & Regulation

AFA not surprised by FOFA committee report

The AFA is not surprised by the report of the Parliamentary Committee on the FOFA amendments but wants the line held on product advice....

Editorial

A necessary separation

Providing regulatory backing for the separation of product sales from advice should be welcomed by the broader financial planning community....

Policy & Regulation

FWC and FSC quarrel nearing end

The controversial Federal Court dispute between the Financial Services Council (FSC) and the Fair Work Commission (FWC) may be defused by a letter from FWC president, Jus...

Superannuation

SuperStream delay penalises providers who have complied

Super sector given enough time to comply with SuperStream standards with delays penalising compliant providers...

Financial planning

Industry to pay lower regulator levies

The financial services industry will pay $30 million less to be regulated after the Federal Government released details of the levies that it will be charged to fund the ...