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Regulatory

Pro-active, timely responses avoid SMSF penalties

MARK SMITH  |  THURSDAY, 19 FEB 2015
Responding quickly, honestly and with a realistic plan to correct instances of non-compliance is the best way for self-managed super fund (SMSF) members and trustees to avoid penalties from the ATO.

Government urged to leave super taxation alone

MARK SMITH  |  THURSDAY, 19 FEB 2015
A shake-up of taxation within superannuation would undermine confidence in the country's retirement savings system, according to SMSF Association patron Sir Anthony Mason.

In the archives: Mavis Robertson on the importance of more women on boards

MICHELLE BALTAZAR  |  WEDNESDAY, 18 FEB 2015
When it comes to appointing more women in senior management, super funds have done far better than listed companies, but given the talent pool left untapped, trustees can do more to fix the gender gap within their ranks.

ASIC stops Bitcoin miner discussing IPO

ALEX BURKE  |  MONDAY, 16 FEB 2015
ASIC has issued a stop order prohibiting Bitcoin Group from discussing its intention to IPO prior to submitting a prospectus.

ASIC ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
Macquarie Equities Limited advice files have gaps and require further testing, the Australian Securities and Investments Commission (ASIC) said as the two year enforceable undertaking (EU) into the organisation's advice arm comes to an end.

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years.

Twin Peaks model optimal for financial stability

ALEX BURKE  |  WEDNESDAY, 11 FEB 2015
The "Twin Peaks" regulatory model is the ideal approach to ensure financial stability, according to research by the Centre for International Finance and Regulation (CIFR).

ATO recovers $30 million from HSBC accounts

ALEX BURKE  |  TUESDAY, 10 FEB 2015
The ATO has recovered over $30 million in tax liabilities from HSBC accounts held by Australian taxpayers.

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
ASIC is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank, rather than customers.

ASIC chair discloses travel expenses

ALEX BURKE  |  WEDNESDAY, 4 FEB 2015
ASIC chair Greg Medcraft has revealed a $45,000 travel expense budget in the six months to December 2014.