regulation

Policy & Regulation

Industry funds at risk from Labor policy

New analysis suggests that Labor’s proposed changes to dividend imputation could have unintended consequences extending well beyond SMSFs to industry and retail superannu...

Policy & Regulation

ASIC provides relief on ETF short-selling

The Australian Securities and Investments Commission has provided legislative relief that will allow exchange-traded fund market makers to make named short sales in ETF a...

Financial planning

ASIC permanently bans former NAB branch manager

The Australian Securities and Investments Commission has permanently banned former NAB branch manager, Mathew Alwan....

Policy & Regulation

ASIC urges mandating minimum SMSF balance

The Australian Securities and Investments Commission has urged the mandating of a minimum balance for self-managed superannuation funds and a ban on limited recourse borr...

Policy & Regulation

Luxembourg, US and ASIC enter fintech agreement

The Luxembourg Commission de Surveillance du Secteur Financier and the US Commodity Futures Trading Commission have each entered agreements with ASIC to cooperate and und...

Superannuation

Bank super directors ‘hopelessly conflicted’

The conflicted nature of advice fees deducted from the accounts of members of bank-owned superannuation funds have been brought into question by a former member of the Su...

Policy & Regulation

Dover’s McMaster tells his own story

The director of now closed Dover Financial Planning, Terry McMaster, has written a series of articles defending his position and questioning the motivations and approach ...

Superannuation

Govt proposes work test exemption to boost super balances

The Government has released draft legislation to exempt some older Australians with low super balances from the work test. ...

Financial planning

Royal Commission flags fees and regulatory failings in report

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has highlighted a toxic sales culture and a failure to regulate wrongd...

Policy & Regulation

Frydenberg cites fees for no service as RC take-out

The Federal Treasurer, Josh Frydenberg, has cited fees for no service and the failures of the regulators as being among his Royal Commission take-outs....

Policy & Regulation

FSC backs ASIC call on breach response times

The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...

Policy & Regulation

ISA pulls ‘fox in the henhouse’

Industry Super Australia has reportedly pulled its ‘fox in the henhouse’ advertising just weeks after funding was questioned during the Royal Commission into Misconduct i...

Life/Risk

Industry fund files post-RC breach report with ASIC

Industry superannuation fund REST has filed a breach report with the Australian Securities and Investments Commission after admitting to failings during the Royal Commiss...

Superannuation

ATO to issue excess transfer balance cap notices

The Australian Taxation Office will start issuing excess transfer balance cap determinations to taxpayers with over $1.6 million in their super in the pension phase....