regulation

Policy & Regulation

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. ...

Policy & Regulation

QLD adviser pleads guilty to dishonestly using $1.1m

A Queensland financial adviser has pleaded guilty to dishonestly using around $1.1m of client money for his own use. ...

Policy & Regulation

ASIC pushes design and distribution out to late 2021

Implementation of the key financial products design and distribution obligations has been deferred until well into the second half of next year....

Policy & Regulation

Director banned for seven years by ASIC

Scott Morrison, a former director at Olive Financial Markets, has been banned by the Australian Securities and Investments Commission for seven years for failing to act i...

Financial planning

ASIC confirms licensee attempt to hire banned adviser

The checking mechanisms employed by the Australian Securities and Investments Commission prevented a licensee from employing a currently banned adviser....

People & Products

Count Financial adds new head of professional standards

Phil Creswell has been appointed head of professional standards by Count Financial....

Expert Analysis

Easing the regulatory burden during a pandemic

As Australia moves under lockdown, ASIC needs to ease the regulatory burden for advisers unable to meet face-to-face with clients, writes Shannon Bernasconi....

Life/Risk

Have Govt’s changes to insurance inside superannuation bounced?

It appears the timing of the Government’s changes to insurance inside superannuation could not have come at a worse time....

Policy & Regulation

Court upholds Storm Financial decision

The full Federal Court has confirmed the directors of Storm Financial breached their duties, after the original judgement was handed down in August 2016....

Financial planning

AFA to make specific recommendations to ASIC

Extraordinary circumstances call for a changed regulatory approach says AFA....

Superannuation

Treasury expects APRA scrutiny of super fee increases

The Federal Treasury has made clear it expects the Australian Prudential Regulation Authority to scrutinise any fee increases imposed by superannuation funds which then b...

Financial planning

ASIC delivers regulatory roadmap on advice within super

The Australian Securities and Investments Commission has signalled at least some flexibility around how advisers gain consent from clients to deduct fees from their super...

Policy & Regulation

Limitations on proposed regulator oversight authority not effective

To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial r...

Financial planning

FASEA’s Professional Year requirement ‘unworkable’

The FASEA’s Professional Year requirement has become a roadblock in the new environment for young advisers attempting to enter the industry, according to Wealth Today....

Financial planning

Future of group purchasing bodies unclear

Firms looking to structure its group purchasing arrangements should look to alternatives as the group purchasing body relief might be replaced soon....