federal parliament

Policy & Regulation

ASIC casts doubt on fault-based framework

The Australian Securities and Investments Commission has told Parliament it would “likely be difficult” for it to move to a faults-based framework as proposed in the late...

Superannuation

Parliament “puts the acid” on underperforming trustees

Federal Parliament yesterday passed legislation intended to weed out underperforming superannuation fund trustees, in a move that a major industry body said would “end th...

Financial planning

Do shelf space fees still exist?

Federal Parliamentarians believe licensees are still reaping the monetary benefits of shelf space fees but are simply designating them as adviser education fees....

Financial planning

Royal Commission will derail current reforms

The FSC has urged the Government and Parliament to prioritise a list of reforms in financial services before venturing into a Royal Commission, which it said would be exp...