Parliament

Financial planning

Calls to scrap SOAs reemerge in Parliament amid DBFO delays

Former financial adviser and Coalition backbencher Bert van Manen has introduced a bill in Parliament, building on Michelle Levy’s good advice duty and calling for SOAs t...

Financial planning

FAAA urges literacy test to determine wholesale investors

The FAAA has told a parliamentary joint committee that instituting a financial literacy test could help ensure clients avoid being misclassfied as wholesale cinvestrs....

Funds management

The FSC’s alternative ways of demonstrating financial sophistication

The Financial Services Council has told a parliamentary committee that a subjective test is needed to demonstrate the sophistication of wholesale investors, whether via a...

Financial planning

What has unfolded since the experience pathway’s passage?

Money Management examines how the experienced provider pathway has impacted the advice industry, one year since it was passed on 6 September 2023....

Financial planning

First Delivering Better Financial Outcomes bill passed

The first Delivering Better Financial Outcomes bill has now passed both the Senate and the House of Representatives....

Financial planning

‘Step up or step out’, Howarth tells Jones

Shadow minister for financial services, Luke Howarth, has described his counterpart Stephen Jones as being “asleep at the wheel” when it comes to financial advice....

Financial planning

Liberal senator hits out at excessive financial advice costs

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running ...

Features

Signed, sealed and delivered: Treasury consultations in 2024

With a raft of Treasury consultations announced last year, Money Management examines their progress through Parliament and which could pass this year. ...

Funds management

A troubled history of DASS

As E&P appoints a new chief executive and the government brings in the CSLR that should help affected consumers, Money Management has collated a timeline of events at the...

Policy & Regulation

Grattan Institute’s bold reforms to boost revenue

Redesigning the Stage 3 tax cuts and increasing the age to access super by five years are among the suggestions from the Grattan Institute to boost revenue. ...

Policy & Regulation

ASIC increases focus on cryptocurrency

ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...

Funds management

Treasurer warns of worsening inflation scenario

Treasurer Jim Chalmers has warned inflation in Australia “will be worse before it gets better”....

Financial planning

Hung parliament could bring risk for Aussie markets

Research from Barclays shows the possibility of a minority government occurring following this week’s election, an outcome that would bring risk to Australian markets....

Superannuation

Falinski questions QSuper court case

Liberal MP, Jason Falinski, has used a superannuation Parliamentary hearing to ask why QSuper failed to notify its members of changes to its deed structure following cour...

Financial planning

ACSI responds to Senate blocking proxy advice reform

ACSI is pleased to see the Senate block reforms to proxy advice saying the system had already been working well to deliver quality advice that supports investors and mill...