government and regulation

Policy & Regulation

Government vows not to tax trusts as companies

The Federal Government has released a new consultation paper on modernising the taxation of family trusts and declared it is not looking at taxing trusts as companies....

Financial planning

Uncertainty surrounds Oakeshott on opt-in

Despite ongoing lobbying by financial planners, there exists no certainty that key independents Rob Oakeshott and Andrew Wilkie will support key FOFA amendments....

Financial planning

Government to consult on OTC derivatives

The Government has released a discussion paper to consult with industry on the regulations around over-the-counter derivatives....

Superannuation

Abbott reiterates opposition to superannuation guarantee rise

Opposition leader Tony Abbott has restated his party's opposition to an increase in the superannuation guarantee but said it would not rescind an increase if it was passe...

Policy & Regulation

FPA concern on lack of FOFA impact assessment

The Financial Planning Association (FPA) has raised concerns about Treasury's admission that its failure to conduct a regulatory impact analysis on the Future of Financia...

Financial planning

FPA most influential group, says Shorten

The Assistant Treasurer and Minister for Financial Services, Bill Shorten, says the Financial Planning Association has been the most influential financial planning body i...

Editorial

Illiquid assets and solid superannuation funds

When the chief executive of the Association of Superannuation Funds of Australia (ASFA), Pauline Vamos, last week issued a release clearly aimed at countering adverse rep...

Editorial

Investors talk themselves into a funk

Australian investors seem certain to close out the year with their allocations set to conservative and with half an eye on a struggling Europe, but as Mike Taylor reports...

Financial planning

Will FOFA be followed by TOFA?

While the proposed Future of Financial Advice changes and their potential impact on financial advisers remain the hot topic, there is another acronym - TOFA - which deser...

Financial planning

Shorten may moderate fee disclosure requirement

Assistant Treasurer Bill Shorten has signalled the Government may moderate its approach to annual fee disclosure statements....

Financial planning

FPA reiterates financial planner professionalism push

<b>Updated:</b> The Financial Planning Association has pointed to a future in which there are no Australian Securities and Investments Commission bannings of professional...

Financial planning

ASIC revokes AFS licence from Mark Power Financial

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licences of Adelaide business Mark Power Financial and Mark Ra...

Financial planning

Russell joins IFF eRollover Hub

The Industry Funds Forum (IFF) and Cuscal have moved to expand their IFF eRollover Hub to include Russell Investments as the first non-industry superannuation fund to joi...

Financial planning

ASIC obtains orders against Australia AFT Finance Market

The Australian Securities and Investments Commission (ASIC) has obtained interim orders in the Federal Court in Adelaide against Australian AFT Finance Market....