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Showing 2571 - 2580 of 3525 results for "compliance"

Investor confidence drives advice growth

LAURA MILLAN  |  WEDNESDAY, 21 AUG 2013
... the top five challenges relate to administering client opt-ins, administering fee disclosure requirements, and the compliance burden arising from FoFA. "In previous years' studies planners were more concerned about opt-in and not being able to provide ...

Accountants ready to enter SMSF space, despite costs

ALICE URIBE  |  MONDAY, 19 AUG 2013

New MIT tax rules tweaked following consultation

MARK SMITH  |  TUESDAY, 6 AUG 2013
... application of the proposed arm's length rule between a MIT and an associate of the MIT. "These changes will further reduce compliance costs under the new regime and provide certainty to taxpayers," Assistant Treasurer David Bradbury said. Following ...

Cbus to put focus on custody in new position

JAMES FERNYHOUGH  |  FRIDAY, 2 AUG 2013

ASIC cancels Perth stockbroker's licence

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
Perth securities dealer Stellar Securities Pty Ltd has lost its Australian financial services licence (AFSL) over compliance issues. The Australian Securities and Investments Commission (ASIC) found Stellar Securities had failed to comply with conditions ...

Best Interest drives advisers away from products

LAURA MILLAN  |  MONDAY, 29 JUL 2013
... and what's right." "The regulator has realised that the previous advice process of a mechanical 'tick the box' for compliance doesn't work," he said. "Advisers need to make recommendations based on the clients' best interest and they need to provide ...

SMSFs lose majority of cases against ATO

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... yesterday, Hughes said that of the 32 cases he looked at - largely involving excess contributions tax (ECT) and non-compliance - the ATO won 28 of them and the taxpayer won just four. "It's pretty clear that the weight is very much in the commissioner's ...

Centrepoint spent $4.9 million in client claims

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... 2010 to March 2012, but ASIC recently asked the group to appoint an independent expert to monitor its performance over compliance concerns and audit functions. Centrepoint also spent $586,000 to implement the Future of Financial Advice (FoFA) legislation ...

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... 5.9.1), and thereby contravened section 798H(1) of the Corporations Act (Cth) 2001 (Corporations Act) which requires compliance with the market integrity rules. UBS had in place filter parameters that automatically routed the client order for authorisation ...

PIS appoints PwC as independent expert

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
... the Australian Securities and Investments Commission (ASIC). PwC will report back to ASIC each quarter and will test compliance of PIS's personal advice with regulatory requirements, its ability to identify poor advice and the effectiveness of its advice ...