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Showing 81 - 90 of 831 results for "Regulations"

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... legal advice in forming a view that there was no identified risk that the Earner product would breach any laws or regulations when it did not lead evidence to that effect... and drawing inferences favourable to the respondent as to the scope, effect ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... considerations for advisers include that AI-generated file notes and fact find information comply with Australian regulations and laws. "There's a real risk for financial advice firms inadvertently providing recommendations in the information gathering ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... document did not comply with the minimum content requirements prescribed in the Corporations Act and Corporations Regulations "2001, which includes providing sufficient detail about the issuer's business model. ASIC acknowledged that the CSF regime ...

Older clients boost book values

KARREN VERGARA  |  THURSDAY, 13 JUN 2024
... to the supply and demand curve with fewer practices selling or coming to market. "The COVID pandemic and changes in regulations (2020-22) saw a substantial exodus of financial advisers from the industry. Many advisers chose to sell their client lists ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... bucket based on their product features and how they operate and interact with the requirements of the definition in SIS Regulations 1994 Regulation 9AB.2. "In practice, this is determined by the ability of the beneficiary to alter the strategic asset ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... Outcomes reform package is now up for consultation. Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 has five sections that aim to make access to financial advice more affordable by cutting some of the red tape advisers ...

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN  |  WEDNESDAY, 22 MAY 2024
... strategies. They want advice on SMSF pension strategies, inheritance and estate planning, tax planning, and changes in regulations. "These findings continue to signal the opportunities that financial advisers have in delivering advice that is suited ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... However, she noted that the creation of these investable projects hinges on factors like lending criteria, planning regulations, and state-based regulations, which is why housing is such a "vexed issue." To unlock housing supply at a faster rate, she ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... applications that were unsuccessful in a competitive bid process. Additionally, the government will release draft regulations to exempt inter-funding transactions from foreign investment approval processes, to make it easier for institutional investors ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... Association (SMSFA). The SMSFA is calling for an amnesty for legacy pensions in the upcoming federal budget as current draft regulations proposing to increase the 15% tax to 30% on super balances above $3 million (Division 296 tax) are not clear on how ...