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Showing 1 - 10 of 2515 results for "Regulation"

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... stockbrokers, comprehensive financial advisors, or life insurance specialists. Key areas such as taxation, financial regulation, ethics, and professionalism are necessary for anyone advising consumers on financial products, she added. The proposals aim ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... your messaging and target audience, emphasising governance aspects. Currently, 71% of respondents believe specific AI regulation is necessary, though Davis thinks 80% of the market's challenges are already addressed by existing regulatory powers. Therefore ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... to the current test thresholds. We point out the DDO regime has been an absolute game changer when it comes to the regulation of financial products, because it moves the focus from their wholesale investor test to the appropriateness of the financial ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... advice remains the number one priority for FAAA members. "It is imperative that we reduce red tape and the cost of regulation in order to make financial advice more affordable," she said. "Many of our members are sole traders or work in small and medium-sized ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... his deep financial services and regulatory expertise". Byres brings over 30 years' experience in financial services regulation, risk management, governance, and public policy in both domestic and international roles. He has previously served as the chair ...

Mercer rolls out new corporate super plan

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... as many individuals are likely to stay with their existing funds when changing jobs. "We find that even with the new regulation in more recent years around, stapling, etc., that, probably on the back of their employer organisation being one of the most ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent". Treasurer Jim Chalmers today released an updated foreign investment ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... Schedule of the Family Law (Superannuation) Regulations 2001 to value the pension for Division 296 purposes. The draft regulation must also clarify who will be responsible for calculating the value of legacy pensions. "Considering the ATO doesn't have ...

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... Day's secondment to the CDPP comes as ASIC enters the next phase of its transformation. ASIC executive director of regulation and supervision Greg Yanco will be appointed as ASIC's interim chief executive effective June 1. Yanco was previously executive ...

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
A Vietnamese billionaire property developer has been sentenced to death for embezzling US$12.5 billion - the country's largest case of financial fraud, several reports show. The People's Court of Ho Chi Minh City yesterday handed down the death ...
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