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| | | ... which is really what my clients value and what I deliver for them, it's not actually relevant to the current licensing law." Former MP Bernie Ripoll agreed with Broome's statement. "We're all constrained by regulation in terms of what we ... |
| | | | ... important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law," ASIC deputy chair Sarah Court said. "ASIC is aware that many consumers are interested in purchasing or investing in crypto-assets. ... |
| | | | ... slight adjustment that there be consent for the payment of a commission, the receipt of the commission, that is a change in the law at the moment. The law at the moment requires disclosure, not the consent." Levy also addressed concerns around "irrelevant ... |
| | | | The Financial Planning Association of Australia (FPA) announced the winners of the 2022 FPA Awards and the Gwen Fletcher Memorial Award at the FPA Professionals Congress in Sydney yesterday. Now in its 10th year, the FPA Awards recognise individuals ... |
| | | | ... "Governments consulting on ways to improve the adviser exam and bringing more flexibility to the education standards. The Australian Law Reform Commission is working to clear a path through that maze that is the Corporations Act, and all of the many ... |
| | | | ... services has never been greater." Further AFCA has reported an estimated 227 systemic issues and serious contraventions of the law to federal regulators, resulting in an additional $280 million in refunds to 6.5 million consumers. Locke commented that ... |
| | | | Michelle Levy has responded to suggestions there's been minimal financial adviser input to the Quality of Advice Review, saying there's a lot more going on behind the scenes than people realise. Speaking on the Financial Standard podcast, Levy ... |
| | | | ... provider?'" She explained that this will lead to a fairly limited scope or simple advice. "Rather than saying that in the law you must only give limited scope, simple advice, I think you get there in a different way," Levy said. "[It's about] ... |
| | | | Cbus has recommended that the stapling provisions in Your Future, Your Super (YFYS) laws be urgently addressed to reverse the uninsurance risk for workers in hazardous occupations. In its submission, Cbus said stapling reforms have led to many members ... |
| | | | ... the class action against ANZ, OnePath Life, OnePath General Insurance, and QBE Insurance in 2020. A spokesperson from the law firm confirmed ANZ and its insurers will pay $42 million while QBE Insurance will pay $5 million. The bank's contribution ... |
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