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Regulatory

Government to invest in fintech security

ALEX BURKE  |  THURSDAY, 11 JUN 2015
The Government will spend $33.3 million on services to facilitate authentication in digital financial transactions, including a voice biometric, Minister for Communications Paul Fletcher announced.

Actuaries say super taxes need to be reviewed

DARREN SNYDER  |  WEDNESDAY, 10 JUN 2015
Financial services representative groups are weighing in to a debate about the federal government's uncertain position regarding superannuation tax reform.

Employers given October SuperStream deadline

DARREN SNYDER  |  WEDNESDAY, 10 JUN 2015
Although medium to large employers must be SuperStream compliant by June 30, the Australian Tax Office (ATO) will continue to help and educate employers through to October.

Super non-compliance endemic: ATO

DARREN SNYDER  |  TUESDAY, 9 JUN 2015
Australian employers' not paying compulsory superannuation led to a national debt of more than $1 billion last year and the bill is climbing 12% annually.

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture.

Industry reacts to ASIC register update

ALEX BURKE  |  TUESDAY, 2 JUN 2015
ASIC has updated the Financial Advisers Register to include qualifications, training and professional association memberships.

Tax reform cannot be deferred any longer: AVCAL

DARREN SNYDER  |  TUESDAY, 2 JUN 2015
Improving Australia's tax system will allow greater access for equity capital investment in to local businesses and boost the entrepreneurial potential of the economy according to Australian Private Equity & Venture Capital Association Limited (AVCAL).

Treasury examining ASX monopoly

ALEX BURKE  |  MONDAY, 1 JUN 2015
Assistant Treasurer Josh Frydenberg said the Government is considering encouraging competition in equities clearing to break up the ASX's monopoly.

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs).

Draft amendments to OTC rules released

MARK SMITH  |  MONDAY, 1 JUN 2015
The government is seeking submissions on the new draft legislation for the mandatory central clearing of over-the-counter (OTC) interest rate derivatives it has released.