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Showing 731 - 740 of 2805 results for "Regulation"

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... is a temporary intervention power and we must consult before each and every use." Chester said that over time less regulation of financial services may come about through ASIC's new "targeted" solving of problems through product intervention. "In recommending ...

Pessimism strikes Australia, US optimistic

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
Financial professionals in the United States are optimistic about a market recovery, while pessimism is highest in the Asian region where professionals are forecasting double-digit losses, according to Natixis. In its most recent Natixis Investment ...

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... preventing an SMSF investing in property development, care needs to be taken to ensure that there are no breaches of regulation. "Regulatory concerns that can arise in some arrangements include whether the arrangement amounts to the SMSF being maintained ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... negotiated in the institutions' favour. The Royal Commission and the FASEA regime, Yazbeck said, have resulted in even more regulation adding to this burden. "Lawyers are nowhere near as heavily regulated as the financial planning profession. Planners ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... to implementing better data analytics across their risk teams were "data residing in silos, lack of clarity around regulation, and integration challenges with legacy systems". Positively, 70% of Australian respondents said they are working to improve ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... to provide advice. FPA chief executive Dante De Gori said the law should be changed to focus the AFSL system on the regulation of financial products, rather than requiring AFSLs to cover the provision of financial advice. "While the AFSL system plays ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... the tax laws surrounding them. "In 2015 the government made a number of changes to improve the taxation treatment and regulation of employee share schemes. This inquiry gives us the opportunity to understand why the use of employee share schemes is still ...

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been ...

FPA confirms redundancies

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAY 2020
... profession through advocacy and showcasing the value of financial advice to consumers. "Our members are facing more regulation, higher education standards and increased costs. At the same time, there has never been a greater need for Australians to seek ...