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Showing 31 - 40 of 72 results for "Law Reform"

Advisers cautious of election promises

KARREN VERGARA  |  THURSDAY, 3 MAR 2022
... the regulatory road ahead, Matt Brown, executive general manager of advice at Australian Unity, said the Australian Law Reform Commission's current work will affect the advice regulatory landscape. While the ALRC reforms are a "longer burn", they ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... government to strip out layers of complexity in the latest round of reforms. Citing its submission to the Australian Law Reform Commission review, FPA chief executive Sarah Abood is calling for the elimination of layers of legislation that advisers face ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released their annual engagement update for 2021. Reinforcing Australia's twin peaks model of regulation, the agencies said they ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation. The ALRC is proposing sweeping changes to financial services law, including changes that affect the advice industry, tabled ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... trustees should not encourage employers to act in a manner that is contrary to the law to promote their funds. Recent law reform has affected a variety of obligations concerning marketing and distribution of superannuation products, including via employers," ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... been established" and that flaws in the methodology and data used in previous studies has been exposed. It added: "Any law reform based on an idea still subject to rigorous debate, is in our view, premature and inconsistent with the approach taken overseas. ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... of class action legislation. "...I was wondering though, in all of that, do you think therefore we need class action law reform in Australia," Liberal MP Jason Falinski asked Neal. "Gosh...Mr Falinski... it's outside of my expertise. So, I don't ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... good-quality, affordable personal advice to consumers". "ASIC has provided industry feedback on issues relating to law reform to Treasury for consideration as part of the Quality of Advice review," the regulator said.

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... and legally enforceable family agreements were identified as a measure to prevent elder abuse in the 2017 Australian Law Reform Commission's report Elder Abuse - A National Legal Response. The report found that current tax arrangements have been ...