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Showing 101 - 110 of 145 results for %22Australian Law Reform Commission%22

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... Financial Advice (FoFA) proposed amendments could come into effect "earlier than May." The senator was asked during the Australian Securities and Investments Commission (ASIC) appearance to the Senate Standing Committee on Economics whether the government ...

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
... to expand the fiduciary thresholds and harmonise them across stock brokers and investment advisers as similar to how Australian advisers were previously only required to provide "appropriate" advice, stock brokers in the US are currently only required ...

ASIC submits broad performance review to Senate inquiry

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The Australian Securities and Investments Commission (ASIC) has provided the Senate inquiry on the regulator's performance with an extensive document that broadly reviews its work. This is the third and largest ASIC submission to the Senate inquiry. ...

Problem is weak credit law, not us: ASIC

LAURA MILLAN  |  FRIDAY, 25 OCT 2013
The Australian Securities and Investment Commission (ASIC) claimed that it had limited jurisdiction over the credit industry in its final submission to the Senate inquiry. In its final submission, ASIC focused on the reforms to the credit industry and ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
... competition and improve infrastructure in a bid to make Australia a more productive economy. "The cumulative effect of Commonwealth law, State law, and local regulation is stifling innovation and creativity - ultimately it is holding back Australia's ...

75,000 SMSFs non-compliant: ATO

LAURA MILLAN  |  TUESDAY, 8 OCT 2013
The Australian Taxation Office has admitted that as many as 75,000 SMSFs totaling assets up to $50 billion could be breaking the rules, leading some in the industry to suggest that the sector should be subject to tighter regulation. Last month Australian ...

Advice firms start to launch in post-FoFA regime

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... Apogee, Wayne Handley, is about to launch Bombora Advice, a boutique risk advice business that will operate under its own Australian financial services licence (AFSL). "It is a far more rigorous process now that when I first launched Apogee in the mid-90s," ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
... legislation, introduced by the Minister for Financial Services and Superannuation Bill Shorten aims to enhance protections for Australian consumers by prohibiting anyone who is not a licensed financial planner or adviser from telling consumers they are. ...

Broken 'contribs law' needs fixing: SPAA

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... cites recent cases where people in self managed super funds were charged a 93% tax rate on excess contributions by the Australian Tax Office, even though it was an honest mistake. "There is no shortage of evidence to show the system is not working," ...

Advisers at risk over asset-based fees

BEN COLLINS  |  THURSDAY, 10 JAN 2013
... while not actually outlawing cigarettes, "Make it difficult to smoke anywhere." Similarly, regulation outlined in the Australian Securities & Investment Commission's regulatory guide 175, does not stamp-out asset-based fees, but it does mean many advisers ...