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GOVERNMENT AND REGULATION
Financial planning
The FSC has called for a statute of limitations on group disability claims to help stabilise premium pricing....
Accounting
The Australian Taxation Office (ATO) is pushing all taxpayers with offshore assets to declare their interests before it starts a global clampdown on tax evasion....
Policy & Regulation
The AFA has moved to enter the FOFA pause consultations with an analysis designed to counter a “rolling campaign of fiction and misrepresentation”....
Financial planning
ANZ has agreed to send out gift cards to income protection insurance customers after ASIC concerns....
Financial planning
ASIC frustrated that the penalty regime imposed is less than the profit companies gain from poor behaviour, and that disclosure is no longer a 'disinfectant’ for law-brea...
Financial planning
Federal Treasurer Joe Hockey announces four business members for the Financial System Inquiry advisory panel....
Policy & Regulation
Cormann signals FOFA reform fight....
Financial planning
Australia’s corporate regulator is severely limited in the range and severity of penalties it can hand out for wrongdoing - particularly compared to the US and UK, a revi...
Accounting
ICAA welcomes Government’s Cutting Red Tape website....
Financial planning
The corporate regulator welcomes FOS’ focus on timeliness, but makes no mention of long-term structural change....
Financial planning
The head of the Commonwealth Bank has denied poor organisational culture is to blame for the events that led to a number of its planners being banned by the industry’s re...
Superannuation
New legislation has lifted the penalty regime around illegal early release super schemes....
Superannuation
The Australian Taxation Office (ATO) will have stewardship of the SuperStream gateway network for two years, the Treasury has said. ...
Financial planning
The FPA warns the Government some FOFA amendments could re-introduce commissions into the advice space and increase the risk of mis-selling. ...
Financial planning
Industry Super Australia worries that changes to FOFA will bring conflicted remuneration back to financial advice....
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MARKET INSIGHTS
Podcast
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...