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Showing 1 - 10 of 116 results for "Loophole"

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... necessary contact with family members and third parties of existing clients are protected. The change effectively closes a loophole the financial advice sector has enjoyed. Currently, the Corporations Act bans the unsolicited offer of a financial product ...

New investment governance provider for AFSL launches

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
... ensure that they can scale without concern." Meanwhile, Ng believes the current research houses model contains a huge loophole around conflicts of interest and highlighted there's been an "over reliance" on rating reports provided by them. "We are ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
The Financial Advice Association Australia (FAAA) has called for tougher insolvency rules to prevent "phoenixing" activity. The FAAA said loopholes which shift costs of failed financial advice businesses onto the broader profession through the Compensation ...

Greens, Labor agree on LRBA ban on SMSFs

MATTHEW WAI  |  WEDNESDAY, 24 JUN 2026
... residential properties and aims to pass the bill in the coming fortnight. It described the act as an exploitation of a "loophole" where investors use SMSFs to buy up tax-advantaged properties and proposed to remove ministerial discretions that would ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... minister for financial services Daniel Mulino said the Treasury Laws Amendment (The Survivors Law) Bill 2026 closes a loophole that previously enabled perpetrators to shield assets inside superannuation accounts. Under the reforms, victim survivors can ...

SMC backs proposal to close family violence super loophole

VINNY VUCAGO  |  FRIDAY, 1 MAY 2026
The Super Members Council (SMC) has thrown its support behind proposed legal changes aimed at preventing perpetrators of domestic and family violence from accessing their victim's superannuation. Under existing super law, a family violence perpetrator ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
Super Consumers Australia has called for the government to focus on reforms that will actually protect people, warning against ineffective measures and those that will harm victims. It raised concerns over the proposal to remove the 'but for test' from ...

ASIC reviews lead generators again, names advisers using them

JAMIE WILLIAMSON  |  WEDNESDAY, 18 FEB 2026
... the anti-hawking legislation only applies to the sale of financial products, including insurance and superannuation, a loophole that is deliberately exploited by some lead generation firms that specifically structure their business so as to not require ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
ASIC is urging super trustees to strengthen their anti-scam and fraud practices after a review found "significant" gaps in communications to members. Following an assessment of scams and fraud-related website content across 47 super funds, benchmarking ...

Review launched into thin capitalisation reforms

ELIZA BAVIN  |  MONDAY, 2 FEB 2026
Treasurer Jim Chalmers, Minister for Financial Services Daniel Mulino and Assistant Minister for Productivity, Competition, Charities and Treasury Andrew Leigh have tasked the Board of Taxation to undertake an independent review of the government's ...
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