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TREASURY
Policy & Regulation
The Treasury is seeking feedback from the public on regulatory frameworks for buy now, pay later arrangements. ...
Funds management
In its annual review, the IMF has said the Australian economy is “on a narrow path for a soft landing” but continued monetary and fiscal policy tightening is needed....
People & Products
The Treasury has appointed a new chair for the Australian Prudential Regulation Authority to replace Wayne Byres....
Financial planning
The Financial Planning Association of Australia has urged the Government to extend the freeze on the ASIC levy for one more year, among several Budget recommendations....
Policy & Regulation
Treasurer Jim Chalmers has launched a review of the Reserve Bank of Australia to ensure it is the “world’s best central bank”. ...
Financial planning
Unemployment is forecast to reach 3.75% in the September quarter of 2022, the lowest since 1974, with the Government signalling rising wages as the ticket out of inflatio...
Financial planning
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...
Financial planning
Extending the Compensation Scheme of Last Resort to wholesale investors could open up ‘gaming’ of the system by those who could afford court costs, according to the Stock...
Financial planning
The cost to sit the financial adviser exam will be higher than initial estimates as it moves to being run by the corporate regulator and any Standard 3 amendment responsi...
Superannuation
The Government has introduced a bill that aims to improve equity in the superannuation system, allow a larger amount of super to be removed for a first home deposit, and ...
Financial planning
There needs to be a better recognition of previous study undertaken by financial planners, and in particular continuing professional development studies, according to the...
Policy & Regulation
While the other regulators grew their staff numbers, the Budget papers point to a net loss for ASIC. ...
Financial planning
Financial advisers distrust the Australian Financial Complaints Authority because it is perceived to have ‘coached’ complainants and Treasury is being urged to investigat...
Financial planning
Senator Jane Hume announced the FSC Life Insurance Summit that Treasury will assume control, merging it with the quality of advice review....
Financial planning
The Financial Adviser Standards and Ethics Authority has signaled to a Parliamentary Committee that further adjustments to the adviser code of ethics was possible beyond ...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...