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Showing 31 - 40 of 52 results for "Australian Financial Services Licensees"

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... million to set up and will be funded by increasing the current ASIC lodgement fee for Australian Financial Services licensees by $5 to $44." However to achieve this figure ASIC would need to collect the extra $5 from about one million AFS licensees. ...

Fortnum completes ANZ buy-out

ALICE URIBE  |  WEDNESDAY, 6 AUG 2014
Fortnum has become of Australia's largest independently-owned Australian Financial Services Licensees after completing a multi-million dollar deal to buy-out ANZ's 20% stake in the company. Fortnum's management, staff and financial advisers raised the ...

TPB open for TASA registration from today

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
... Board (TPB) to comply with the Tax Agent Services Act 2009 (TASA). The TPB has sent all Australian financial services licensees (AFSL) instructions and login details to access the online notification form to register themselves and their authorised representatives. ...

MDA provider makes debut on ASX

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... operates and administers managed account solutions for financial advice firms in Australia, Australian financial services licensees (AFSL) and fund managers. The company was previously known as Investment Administration Services.

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... 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 regulation. ...

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... (FoFA) regulation. In Consultation Paper 214 called "Updated record-keeping obligations for Australian financial services licensees", ASIC asks planners to keep records to prove that the licensee and its representatives have complied with the best interests ...

FPA grief over new fee rules

BEN COLLINS  |  FRIDAY, 25 JAN 2013
... guidance on fee disclosure. Today the corporate watchdog handed down guidelines that tell Australian financial services licensees how to follow new fee disclosure rules that are part of the Future of Financial Advice (FoFA) reforms. Brought in under ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... 'independent', 'unbiased' or 'impartial' if they receive commission or volume-based payments. The Australian Financial Services Licensees (AFS) identified included 17 general insurance brokers, 3 financial planners and 1 life broker. "ASIC conducted ...

ASIC suspends Far East AFSL

CLAIRE MCGREAL  |  TUESDAY, 25 OCT 2011
... conditions. ASIC also said it was not advised of these breaches by the firm. "The compliance of Australian financial services licensees with their obligations is central to the informed and confident participation of consumers in the financial services ...

Banned adviser faces jail term

ELISE BURGESS  |  TUESDAY, 27 SEP 2011
... for his personal margin loan facility. Carll was an authorised representative of three Australian financial services licensees including Financial Wisdom, Financial Planning Services Australia and Genesys Wealth Advisers between 21 June 2004 and 20 May ...