regulation

Financial planning

ASIC punishes Solar for licensee oversight

The Australian Securities and Investments Commission has cancelled the licence of a Sydney-based financial advisory firm following surveillance into potential issues of l...

Superannuation

“Army of lobbyists” pushed Govs for light super regulation

The Australian Institute of Superannuation Trustees has accused successive governments of providing “dozens of regulatory carve-outs … benefitting retail super providers ...

Superannuation

Funds cautious on divorce super splits

Superannuation funds have no desire to become compulsory third parties to divorce proceedings....

Policy & Regulation

ASIC penalises Berndale Capital Securities

The Australian Securities and Investments Commission has cancelled a Melbourne-based OTC derivative issuer’s licence and its former director has been banned. ...

Policy & Regulation

ASIC cancels Financial Circle’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....

Policy & Regulation

ASIC lays 13 dishonesty charges on former planner

The Australian Securities and Investments Commission has charged a former Melbourne financial planner with 13 dishonesty offences....

Policy & Regulation

90% negative on franking credits impact

Nearly 90 per cent of investors responding to a survey believe the Federal Opposition’s proposed removal of refundable franking credits will reduce their quality of life....

Policy & Regulation

Tim Wilson to pit WAM against ACOSS on dividend refunds

The House of Representatives Standing Committee on Economics, Tim Wilson, will this Friday publicly compare the positions of WAM and ACOSS on Labor’s proposed franking di...

Policy & Regulation

ASIC questioned over governance practices

The Royal Commission has asked ASIC why recent new senior level roles were all filled by internal candidates from a limited pool, amid questions about the regulators’ gov...

Policy & Regulation

Does ASIC intend to regulate itself?

ASIC chair, James Shipton, has come under fire from the Royal Commission, which seemed dissatisfied with how the regulator intended to prove its performance improves goin...

Policy & Regulation

Advisers must remember to register before FASEA takes effect

Authorised advisers need to make sure they’re on ASIC’s Financial Advisers Register by the end of the year, before new professional standards take effect, or risk being t...

Financial planning

FSU calls for professionalisation for all

The Finance Sector Union has called for the current move to professionalisation to be extended beyond just planners, but has warned that there are issues with an industry...

Policy & Regulation

Shipton defends ASIC’s close relationship with bank execs

The frequent contact between ASIC commissioners and the chief executives and boards of the institutions they regulate is purely professional, ASIC’s chair has told the Ro...

Superannuation

SMSF research identifies challenge of regulatory uncertainty

The SMSF Association is selling the message that you don’t need $1 million to set up a self-managed superannuation fund but regulatory uncertainty does represent a major ...

Policy & Regulation

Former financial services rep banned for stealing

A former Perth financial services representative has been banned from providing financial services following a Court conviction for four counts of stealing....