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Showing 51 - 60 of 305 results for "Consent"

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... to provide Fee Disclosure Statements as part of an ongoing fee arrangement, update record keeping obligations for new consent requirements, and remove references to civil penalties related to a fee recipient's failure to provide certain notifications ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... recommendation that stated that high-net-worth clients who have provided a qualified account certificate should also sign a consent. We think this is important. It can apply to more investment categories, and it can also be adapted and applied in circumstances ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... licensees in the period. Further, three trustees were unable to tell ASIC how many members had actively withdrawn their consent to have fees deducted in the period. Finally, in terms of checking advice documents, while three performed no checks at all ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... Commission. The most recent round of changes aims to streamline some process documents such as the ongoing fee renewal and consent requirements. The federal government hopes that by simplifying some of the paperwork it will incidentally lower the cost ...

The risks and opportunities in advice: SIAA

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... reduce red tape was introduced in parliament on March 27. The first stage includes streamlining ongoing fee renewal and consent requirements, including removing the requirement to provide a fee disclosure statement. Gregory oversees a team of 165 advice ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... bill before parliament, MP Andrew Keith said it amends the Corporations Act 2001 to streamline ongoing fee renewal and consent requirements into a single form, provide more flexibility for advice providers in how financial services guide requirements ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... Better Financial Outcomes and Other Measures) Bill 2024. The first set of reforms will streamline ongoing fee renewal and consent requirements, including removing the requirement to provide a fee disclosure statement. This was under Recommendation 8 ...

GBST upgrades WealthConnect platform

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... modelling strategic advice for individuals, companies, trusts, and SMSFs. Additionally, GBST ushered in an "electronic consent capture" to enhance efficiencies without compromising compliance or raising costs. "This supports compliance practice and minimises ...