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Showing 1511 - 1520 of 2812 results for "Regulation"

SMSFs get off lightly in FSI interim report

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... However, SMSF advisers and accountants are regulated by ASIC. ASIC commissioner Greg Tanzer today gave a speech on the regulation of SMSF service providers. He singled out the need for SMSF auditors to be specialised. He also said ASIC was clamping down ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... banks" would not have to change their 1 July compliance regime. Yesterday, the motion to disallow the government's regulation did not pass with 34 senators voting against and 31 in favour. If the opposition was to be successful in altering the government's ...

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... siding with the government Palmer agreed to introduce what he called "a range of new consumer protection measures" via regulation. The measures include a requirement that advisers act in the client's best interests and prioritise their clients' interests ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... after the Coalition was able to secure last-minute support from the PUP. A The motion to disallow the government's regulation did not pass as 34 senators voted against and 31 in favour.

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... was able to secure last-minute support from the Palmer United Party (PUP). The motion to disallow the government's regulation did not pass as 34 senators voted against and 31 in favour. Finance Minister Mathias Cormann said during the Senate's afternoon ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... penalty regime in the Corporations Act. The possible policy changes it asks parties to consider include the extension of regulation to fund administrators and technology service providers, and giving ASIC greater power to ban individuals from managing ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... causes of moral hazard than its symptoms. A big issue for the Inquiry has been whether post-financial crisis prudential regulation has gone too far in Australia. We have heard suggestions, especially on regulatory capital, that Australia's regulators ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
The Labor Party tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of ...

HOSTPLUS nearly ready for SMSF infra investments

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... option for self-managed superannuation funds (SMSFs) is ready to go, pending the approval of the Australian Prudential Regulation Authority (APRA), the fund's chief investment officer Sam Sicilia has said. The option will allow SMSF investors to take ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... chief executive John Brogden accused ISA of misleading consumers and said that "the existing FoFA law along with the regulation introduced by the government on 30 June explicitly bans commissions on general advice." "The execution-only provisions do ...