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Showing 1 - 10 of 14 results for "Australian Law Reform Commission"

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
... outcome of the Quality of Advice Review before it introduces more changes as espoused by the Australian Law Reform Commission. "Let's look very closely at the potential impact of any changes on consumers, advisers and other stakeholders before we ...

Advisers cautious of election promises

KARREN VERGARA  |  THURSDAY, 3 MAR 2022
The federal government must be held accountable for making sweeping promises around reducing compliance and qualification red tape, a financial advice industry event has heard. The minister for superannuation, financial services, and digital economy ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... 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 that ultimately ...

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 ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
The government has commenced consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse. The legislation follows the budget announcement that the government would provide a targeted ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
Following on from the Royal Commission, the Australian Law Reform Commission has been tasked with reviewing financial services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... funded class actions, but that could just be achieved by implementing the recommendations of the Australian Law Reform Commission." "I think the government's intention to protect the interests of class members can be achieved through giving greater powers ...

Board of Taxation reviews granny flat taxes

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
... 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 a deterrent, in ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... independent oversight of the code and members' adherence to it. The three LCCC members are former Australian Law Reform Commission president David Weisbrot, former Actuaries Institute president David Goodsall and Financial Rights Legal Centre principal ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... insight and knowledge for assisting to be money gatekeepers." McGowan believes the findings of the Australian Law Reform Commission's Inquiry into Elder Abuse will indicate the need for more education, with the new resources working toward fulfilling ...
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