Banks, ASIC still at war over fees-for-no-service
HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service.
Clayton Utz finally hands AMP notes to ASIC
HARRISON WORLEY  |  MONDAY, 11 MAR 2019
ASIC has struck a major blow in its court battle with AMP over the wealth manager's fee-for-no-service issues.
Amendments to retirement income law assent
HARRISON WORLEY  |  MONDAY, 11 MAR 2019
A bill amending retirement income legislation is now law, with several changes made to the legislative framework surrounding retirement income and social security receiving Royal Assent late last week.
ASIC scolds banks over fee-for-no-service delays
HARRISON WORLEY  |  MONDAY, 11 MAR 2019
Australia's major financial services institutions are taking too long to remediate customers over their fee-for-no-service issues and ASIC is not pleased.
Gender pay gap should be government priority
KARREN VERGARA  |  FRIDAY, 8 MAR 2019
In light of the upcoming New Sales Wales and Federal elections, it's time for all levels of governments to prioritise closing the gender pay and investment gaps.
Government launches TPB review
HARRISON WORLEY  |  WEDNESDAY, 6 MAR 2019
The Federal Government launched a review into the effectiveness of the Tax Practitioners Board.
KPMG brings remediation regtech to Australia
HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
The big four consultancy is bringing an AI-driven regtech with the ability to assess remediation files to our shores.
Government consults on super legislation
HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
A suite of amendments to Australia's superannuation legislation have been opened for consultation.
APRA sets sights on 2019 targets
HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
APRA has outlined its policy focus for the remainder of the year following the Royal Commission.
ASIC releases AFSL approval data
JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period.
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