legislation

Policy & Regulation

Governance body hits out at ‘ad hoc’ reform proposals

A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes ...

Policy & Regulation

How could the ALRC report change financial advice?

The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advi...

Financial planning

ALRC financial services legislation report reaches Parliament

Clearer regulation and legislation for financial services is on the horizon as the Australian Law Reform Commission’s inquiry, first launched in September 2020, is tabled...

Financial planning

Government announces changes to adviser exam delivery

The government has released draft legislation to improve the delivery and accessibility of the adviser exam....

Financial planning

How can legislation be changed to improve robo-advice offerings?

The Australian Law Reform Commission has outlined two approaches to reducing legislation to make it easier for firms to offer robo-advice as it completes its review of th...

Financial planning

Should ALRC wait until QAR is over to change advice legislation?

The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advic...

Policy & Regulation

Financial advice noted as ‘ripest fruit’ for regulatory reform

The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation....

Policy & Regulation

ALRC seeks to better recognise advice professionalism in legislation

The ALRC’s third interim report is seeking to change financial services legislation to better reflect efforts that have been made to improve advice outcomes and professio...

People & Products

ALRC president to depart after five years

Justice Sarah Derrington, who led the Australian Law Reform Commission’s review into financial services legislation, is to depart after five years. ...

Policy & Regulation

The progress of the ALRC review

Not only is there the Quality of Advice Review taking place this year, a legal review into financial services legislation has also been on the agenda....

Policy & Regulation

Govt seeks to implement two ALRC recommendations

The Government has released draft legislation implementing two recommendations made by the Australian Law Reform Commission relating to improving financial services legis...

Policy & Regulation

Responses sought to latest ALRC report

The Australian Law Reform Commission has published its second interim report on changes to financial services legislation including a proposed legislative model. ...

Policy & Regulation

New payment bill will protect small business: IPA

A new bill before parliament, which would require large businesses to publish policies on payment times, will help protect small business cashflows, according to the Inst...

Financial planning

AFA, FPA and FASEA welcome passing of FASEA extension

The financial services bodies have welcomed the extension of the FASEA exam and education standards, which now have the deadline of 1 January, 2022, and 1 January, 2026, ...

Superannuation

Legislation will see super ERFs head for the exit

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...