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Showing 1 - 10 of 1203 results for "Parliament"

The risks and opportunities in advice: SIAA

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... Legislation containing the first tranche of the financial advice reforms that promise to reduce red tape was introduced in parliament on March 27. The first stage includes streamlining ongoing fee renewal and consent requirements, including removing ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo had some choice words when addressing the Parliamentary Joint Committee on Corporations and Financial Services today. When questioned over its capacity to respond to people who ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... compensating their victims with all of their funds made available to do so." The motion follows a forum attended by members of Parliament and representatives of the Super for Survivors campaign who also welcomed the move. Websters Lawyers solicitor Andrew ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
ASIC has released a consultation paper seeking feedback on updated regulatory guidelines for external administrators and controllers when reporting and lodging statutory reports about alleged misconduct. The proposed updates to Regulatory Guide 16 External ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... calling for a Parliamentary inquiry into ASIC and its investigation of IPO Wealth Group and Mayfair 101. "The Australian Parliament needs to uncover what has gone on here. The public and the courts have been misled about my business and my character ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... succeeded in its case in 2021 at trial against an undefended opponent. Mawhinney has now called upon the Australian Parliament to investigate the liquidators assigned by the court. "The Australian Parliament needs to uncover what has gone on here. The ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, which was introduced in parliament on March 27, proposes to legislate trustees' ability to pay a fee from a member's super account to an adviser for ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
... recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of the "overwhelming support" it received. The Committee ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... legislation housing the first tranche of financial advice reforms that promise to reduce red tape was introduced in parliament today. Some of the recommendations from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...
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