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Regulatory

Life insurer premiums up amid group policy concerns

ALEX BURKE  |  TUESDAY, 19 MAY 2015
APRA has issued the Quarterly Life Insurance Performance Statistics report for the March 2015 quarter, showing net life insurer premiums are at $61.8 billion for the year to 31 March 2015, up from $50 billion in the previous year.

New SIV rules target smaller companies boost

DARREN SNYDER  |  MONDAY, 18 MAY 2015
From July new Significant Investor Visa (SIV) applicants must invest a minimum of $5 million across three complying arrangements after new rules were formally announced by the federal government.

Superannuation tax concessions unsustainable: Bowen

DARREN SNYDER  |  FRIDAY, 15 MAY 2015
Federal Shadow Treasurer Chris Bowen said Labor's superannuation policy might not be universally popular but it was a better alternative to the coalition's decision to leave super alone.

ASIC seeks more bans in SMSF advice crackdown

ALEX BURKE  |  FRIDAY, 15 MAY 2015
ASIC is seeking banning orders ranging from 7.5 years to permanent for individuals participating in providing unlicensed advice to SMSF investors.

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
Both Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have recommended modifications to a proposed model on lifting educational, professional and ethical standards in the financial services industry.

No new taxes on super welcomed

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
Superannuation representative groups have backed the federal government's decision to leave new taxes on super out of the 2015 budget but say there is further consultation ahead.

IFAs to benefit from budget

ALEX BURKE  |  TUESDAY, 12 MAY 2015
The 2015 budget's $5.5 billion jobs and small business package will benefit independent financial advice businesses, according to industry commentators.

ASIC budget cuts revealed

MARK SMITH  |  TUESDAY, 12 MAY 2015
Government expenditure for the Australian Securities and Investments Commission (ASIC) is expected to fall by $18 million over the next three to four years, according to projections revealed in the budget.

Hockey defends budget backflip

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
Treasurer Joe Hockey presented a budget he said focuses on Australian citizens' and businesses' opportunity to "have a go," despite hardening economic conditions.

Opposition welcomes SME package, slams Google tax

MARK SMITH  |  TUESDAY, 12 MAY 2015
Shadow Treasurer Chris Bowen has given his backing to small business tax cuts made in the budget but has branded the so-called crack-down on multi-nationals "a cop out".