law

Financial planning

The appeal of financial advice to students

There has never been a better time to pursue a career in advice as consumer demand is rising, according to 2022 FPA University Student of the Year winner, Matthew Kanizay...

Financial planning

FSC strongly opposes greater powers for ASIC

The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...

Policy & Regulation

The ‘disordered share house’ of the Corps Act: ALRC

With two days left to submit responses to the ALRC Review, the Corporations Act has been likened to a “disordered share house” that requires re-design and a deep clean. ...

Financial planning

How financial advisers can prevent cyber breaches

A specialist cybersecurity lawyer has shared six tips for advisers to mitigate the risk of attacks, following evolving updates from the Optus and Medibank data breaches. ...

Financial planning

Lawyers recommend QoA stress tests for consumer outcomes

Lawyers have recommended proposed scenarios under the Quality of Advice Review be stress-tested pre-implementation to ascertain possible adverse consumer outcomes. ...

Financial planning

Overseas insurers hesitant to insure Aussie financial advisers

The Australian financial advice industry needs to demonstrate to overseas insurers that it has improved as firms are expressing concern about insuring advisers or large d...

People & Products

ALRC president recognised in Queen’s Birthday Honours

Justice Sarah Derrington, president of the Australian Law Reform Commission, has been recognised as a Member of the Order of Australia in this year’s Queen’s Birthday Hon...

Policy & Regulation

Govt accused of distorting the law on superannuation

The Federal Government has been accused of extraordinary and undemocratic legislative over-reach by trying to gain control of how superannuation funds invest on behalf of...

Policy & Regulation

Law Reform Commission plays down financial services review outcomes

Financial services firms appear to have been urged not to expect too much from the Australian Law Reform Commission’s review of financial services legislation and regulat...

Features

Justice or profit?

Oksana Patron examines what the current regulations around Australia’s growing class action industry mean for litigation funders and lawyers and whether or not they serve...

Policy & Regulation

Litigation funding inquiry set up

A new litigation funding inquiry is to begin by the Parliamentary Joint Committee on Corporations and Financial Services to shine a light on the practices of lawyers. ...

Life/Risk

Opt-in insurance in super irresponsible

Those who seek their own coverage cannot assume they will end up with a product in their best interests, according to a law firm....

Policy & Regulation

BOLR: not cut and dried

Melbourne-based lawyer, Dan Mackay, argues that AMP is on far from firm legal ground in its approach to advisers and Buyer of Last Resort....

Policy & Regulation

Court cracks down on unnecessary liquidator charges

Liquidators should pay heed to a decision from the Federal Court to fix the remuneration of the liquidators of three Adelaide companies at $3.9 million, compared to the $...

Superannuation

ISA uses union lawyer to push default super case

Industry Super Australia has called on the opinion of a specialist industrial lawyer to try to prove the Productivity Commission wrong about how default superannuation fu...