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Showing 471 - 480 of 885 results for "Australian Financial Services"

ASIC cancels two more AFSL licences

LAURA MILLAN  |  MONDAY, 28 APR 2014
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of a Parramatta insurance broker and of Banksia Mortgages. The Parramatta-based WD Gelle Insurance & Finance Brokers' licence ...

TPB releases tax advice definition in YouTube video

LAURA MILLAN  |  MONDAY, 14 APR 2014
... organisation's chair Ian Taylor explained that tax financial advice services are those provided by an Australian Financial Services Licensee (AFSL) or their representative. It needs to be provided in the course of the broader advice process and it refers ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... ASIC to perform its functions." As an example, ASIC said it costs about $108 million to regulate Australian Financial Services licensees. However, ASIC collects only $3.7 million in registry fees from AFS licensees, approximately 3.5% of the cost of ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
... Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and unsound financial advice for consumers. ...

Bell Financial appoints Bell Potter MD to board

ALICE URIBE  |  FRIDAY, 21 MAR 2014
... to institutional investors, corporations and government. "Charlie has a deep understanding of the Australian financial services industry, and he has played a key role in the development of Bell Potter Securities," BFG executive chairman Colin Bell said. ...

Count Financial launches its Accountants' Solution

ALICE URIBE  |  THURSDAY, 20 MAR 2014
... exemption with flexible options and means that accounting firms do not need to obtain their own Australian Financial Services Licence. "Not all accountants want to become full financial planners, but going forward they need to be licensed to do what ...

Labor hopes to disallow FoFA amendments

JAMES FERNYHOUGH  |  THURSDAY, 20 MAR 2014
... regulation could potentially create a great deal of confusion. "We face the very real prospect of the Australian financial services sector having to deal in a short period of time with three regulatory regimes: the regulations that take effect from 27 ...

Actuate rebrands, now SFG Alliance Services

LAURA MILLAN  |  TUESDAY, 18 MAR 2014
... group continues to consolidate its brands. SFG Alliance Services provides services for non-aligned Australian financial services license (AFSL) partners. "Sharpened branding will make SFG Alliance Services more recognisable to those businesses," head ...

Asia Funds Passport on shaky ground

MARK SMITH  |  MONDAY, 10 MAR 2014
... another economy. The federal government has targeted Asia as a significant growth region for the Australian financial services industry and believes the Asia Funds Passport is the answer to make it less expensive for local fund manages to offer products ...

Synchron pushes for providers' direct payment

LAURA MILLAN  |  FRIDAY, 28 FEB 2014
... Intelligence in early 2013 resulted in losses to advisers of a reported $300,000. In turn, the collapse of Australian Financial Services, formally wound up in May 2013, resulted in losses to advisers of a reported $1.5 million. Synchron argued that licensees ...