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Showing 91 - 100 of 212 results for "Consultation Paper 215"

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
ASIC has opened consultation on its proposal to scrap the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
ASIC is reminding superannuation funds to update product disclosure statements to disclose exit fees will no longer be charged under the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting ...

Name and shame super sectors: AIST

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
The Australian Institute of Superannuation Trustees wants Australian Financial Complaints Authority to report which superannuation sectors are most complained about. In a submission to AFCA's consultation paper on proposed arrangements for comparative ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
As part of the 2019 Federal Budget, the Morrison Government has committed to consulting on reforms to develop the corporate bond market. Following the release of the Budget, Assistant Treasurer Stuart Robert said: "A strong retail corporate bond market ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
The Federal Government has opened consultation on a proposal to remove the exclusion of insurance claims handling from the definition of financial service. Industry stakeholders were worried about the unintended consequences of removing the exclusion ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
Under new proposed changes by the corporate regulator, consumers will be able to compare superannuation funds and investment products more easily. ASIC released its response to Report 581, an independent review conducted by regulatory expert Darren ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
ASIC has again delayed the transition period for certain fee and cost disclosure requirements under RG97. The superannuation industry has another year to comply with disclosing property operating costs in product disclosure statements to 30 September ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
ASIC has welcomed an independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane, engaged ...