Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 1 - 10 of 63 results for "Hayne Royal Commission"
Advisers to go forth with claims handling
ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... claims handling, following a submission outlining issues. The government passed Financial Sector Reform (Hayne Royal Commission Response) Act 2020 in December 2020 and required AFSLs to include an authorisation to assist with insurance claims. However ...
Adviser numbers at five-year low
KARREN VERGARA  |  FRIDAY, 23 APR 2021
... five years ago, adviser numbers floated above 20,000 and peaked at nearly 30,000 at the end of 2018 as the Hayne Royal Commission was finalising its verdict. On a year-on-year comparison, the number of advisers dropped 11% at the end of March 2021. The ...
ASIC opens breach reporting consultation
ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... draft guidance is based on reforms made to the breach reporting regime under the F inancial Sector Reform (Hayne Royal Commission Response) Act 2020 and expand and clarifies the types of situations that must be reported to ASIC. The reforms, which are ...
Government merges advice reviews
KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... work and save time for stakeholders by eliminating consultation times and submissions. In early 2019, the Hayne Royal Commission recommended a review into the quality of advice in three years' time that should be conducted by ASIC. The review should ...
ASIC pursues criminal charges in super
JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... alleging the funds breached the Corporations Act and ASIC Act . In December 2020, the Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil or criminal penalties ...
Government passes advice, super reforms
ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... members within 28 days. Two key pieces of legislation were passed yesterday: the Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 and passed the Treasury Laws Amendment (Reuniting More Superannuation) Act 2021. The passage of ...
ASIC zeroes in on bad SMSF advice, conduct
KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... provide financial service to trustees such as advisers, auditors and products that SMSFs invest in. The Hayne Royal Commission adjusted the roles of ASIC and APRA in superannuation. From 1 January 2021, ASIC was given more powers in super under the SIS ...
Key advice reforms tabled
KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial advice industry, targeting three key areas: annual ...
Government to wind up FASEA
KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
The Financial Adviser Standards and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that ...
AAT refuses Allegra AFSL
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger Regulators [2019 Measures]) Act 2020. The reforms mandate that ASIC must not grant a licence unless it ...
PAGE:
1
PREVIOUS
NEXT