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| | | ... financial product, and as a result have fallen victim to poor advice and/or product failure." Burgess also said the government should share CSLR funding responsibility, a suggestion echoed by the Council of Australian Life Insurers. "It is unreasonable ... |
| | | | ... diagnose the issues through thematic reviews, bring all relevant parties to the table and engage in discussions with government and other agencies on where there may be constraints and where change may be needed. APRA is working closely with CALI to ... |
| | | | ... in March, electricity prices grew 22.5% higher compared to a year ago following the expiry of Commonwealth and state government rebates, while rents and new dwelling construction also continued to drive housing inflation higher. Underlying inflationary ... |
| | | | ... product-pushing masquerading as genuine financial advice," he said. The fund has lodged a submission to the federal government's consultation on curbing lead generation activity, calling for both a ban on superannuation lead generation and restrictions ... |
| | | | APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ... |
| | | | ... of the capital gains tax (CGT) discount announced on Budget night, Inwood said that is perhaps "the best thing" the government can do for financial advice businesses. "Every rich person in Australia and now every person [running] a company is ringing ... |
| | | | ... They're mum and dad investors putting money in with no protection," Torrington says. ASIC already recommended the government increase this threshold in 2024, stating individual wealth tests have drastically changed in the last 20 years. In 2025 ... |
| | | | ... Brighter Super, which manages $37 billion on behalf of more than 340,000 members, said it is now the third largest non-government financial institution headquartered in Queensland. "We have seen a decline in locally headquartered financial capability ... |
| | | | ... obligations for arrangements with non-traditional service providers where strict compliance is not practical, including government agencies, payment system operator's and financial market infrastructure providers. APRA said the changes were designed ... |
| | | | ... case of alleged and widespread fraud, and that the focus should be on those parties. "The actions by regulators and government to expose the misconduct of now-banned financial advisers and allegedly fraudulent promoters, responsible entities and investment ... |
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