government and regulation

Policy & Regulation

ASIC mulls changes to ‘sunsetting’ class orders on managed funds

The corporate watchdog has commenced consultation on proposals to revise ‘sunsetting’ class orders relating to the managed funds industry....

Policy & Regulation

ASIC threatens action against life insurers over car deals

Life insurers will have to change the price structure of policies offered through car dealerships or face further regulatory reform, ASIC warns....

Superannuation

Govt urged to upgrade status of unpaid SG entitlements

The Federal Government is being urged to upgrade the status of unpaid superannuation guarantee entitlements and include them in the Fair Entitlements Guarantee regime....

Superannuation

Super policy not conducive to women: FSC

The Government must introduce super policies that take into account gender pay gap, and broken work patterns in women, rather than sticking to policies conducive to full-...

Superannuation

SMSF Association urges policy certainty

SMSF Association chief executive, Andrea Slattery, has pointed to the need for super policy certainty amid the current market volatility....

Policy & Regulation

Turnbull slashes red tape with tax overhaul

New legislation introduced by the Turnbull Government yesterday has targeted the removal of a competitive tax advantage for overseas firms amid a push for a modernisation...

Policy & Regulation

Culture regulation a beast for ASIC

ASIC will continue to focus on good culture in financial institutions but will find it a beast to regulate given it is a vague concept, a law firm says....

Editorial

Bipartisanship needed on women’s wealth

Closing the gap with respect to women’s retirement incomes is a challenge best surmounted via a political unity ticket....

Financial planning

Credit licence director banned for 10 years

ASIC has cancelled the Australian credit licence of Net Finance (Corp) Pty Ltd and banned its director, Graham Tandy, from the credit industry for 10 years....

Policy & Regulation

ASIC urged to be facilitative on FOFA

The FPA has urged a facilitative approach from ASIC as planners seek to comply with the Senate imposed FOFA reversal....

Superannuation

Aussie super system incomparable with world

Constant regulatory tinkering means the cost effectiveness of Australia’s superannuation system is still not comparable to the rest of the world, Rice Warner head Michael...

Superannuation

ASFA urges more super for women

ASFA has urged the Government to allow employers to contribute more to female workers to help bridge the superannuation gender gap....

Accounting

New insolvency rules give creditors more power

The Federal Government has released draft legislation to employ the first phase of reforms to streamline Australia’s personal bankruptcy and corporate insolvency rules....

Policy & Regulation

FOFA impact on adviser fees revealed

Conflicted remuneration bans have monumentally changed the way advisers make their money, with the commission model replaced by a move to fixed fees, according to the cor...