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Showing 101 - 110 of 858 results for %22Financial Regulator Reform%22

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... year given that the budget makes no mention of an extension to the low and middle income tax offset for the 2022-23 financial year. The government has made its intention to push ahead with its broader tax reform agenda from 2024 clear though. "Under ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
... to see life companies collecting information on changes to policyholder's circumstances, including occupational and financial circumstances and dangerous pastimes, to enhance their ability to understand and manage risks. It also expects insurers to maintain ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
A Brisbane-based financial advice business has been charged with anti-hawking offences after cold calling consumers and pushing them to roll over their super into a new product. National Advice Solutions appeared in Southport Magistrates Court in Queensland ...

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
The Quality of Advice Review should take precedence over other proposed regulatory changes as financial advisers should not be encumbered by two sets of major reforms in a short period of time. This is according to The Advisers Association, which is ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... still not been implemented. This is despite the fact some of these reforms have been suggested for more than a decade. Financial Standard archives show that in 2008 the Australian Institute of Superannuation Trustees (AIST) was lobbying government to ...

Advisers cautious of election promises

KARREN VERGARA  |  THURSDAY, 3 MAR 2022
... government must be held accountable for making sweeping promises around reducing compliance and qualification red tape, a financial advice industry event has heard. The minister for superannuation, financial services, and digital economy Jane Hume made ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
The Liberal Party is promising major changes to the financial advice industry ahead of the federal election, ones that will overhaul compliance, costs, and education standards. Senator Jane Hume promoted the idea of deregulating the advice industry ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Heavy-handed regulations puts financial advisers at significant risk of breaching the law, according to the Financial Planning Association of Australia, which is urging the government to strip out layers of complexity in the latest round of reforms. ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... Proxy Advice) Regulations 2021 started on February 7, and required all proxy advisers to gain a new type of Australian Financial Services Licence (AFSL) and will be required to share their recommendations on a company with the company on the same day ...

Australian Investment Council chief executive steps down

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
The chief executive of the Australian Investment Council (AIC) has stepped down to take on a new role in the financial services industry. Yasser El-Ansary's new role is yet to be revealed, but AIC confirmed El-Ansary is departing after eight years as ...