Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

Govt needs six votes to pass pension changes

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
The government will need six cross bench votes in the Senate if it is to pass its proposed changes to the Age Pension.

Queensland advice firm falls foul of regulator

MARK SMITH  |  THURSDAY, 15 MAY 2014
ASIC has accepted an enforceable undertaking (EU) from Queensland-based financial services firm LCL Capital after it found failings in the way the company monitored and supervised its advisers.

Cuts to ASIC and ATO push industry to self-regulation

LAURA MILLAN  |  WEDNESDAY, 14 MAY 2014
Budget cuts to the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO) will force the industry to rely more on self-regulation.

Government establishes superannuation fund for the Australian Defence Force (ADF)

ALICE URIBE  |  TUESDAY, 13 MAY 2014
The government will establish new superannuation arrangements for people joining the Australian Defence Force (ADF).

Budget speech 2014 -15

Delivered on 13 MAY 2014 on the Second Reading of the Appropriation Bill (No. 1) 2014-15 by the Honourable J. B. Hockey MP, Treasurer of the Commonwealth of Australia

Regulation tops Australian business risk survey

LAURA MILLAN  |  TUESDAY, 6 MAY 2014
Regulatory and legislative change has taken over concerns about brand and image as the biggest risk for Australian businesses in 2014.

David Murray gives first insight into FSI

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
The Financial System Inquiry (FSI) chairman David Murray said that the committee will focus on ageing, technology and innovation as drivers of change and at how these affect regulation, competition and consumer outcomes.

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
Treasurer Joe Hockey has confirmed that he plans to raise the Age Pension eligibility age to 70 by 2035 in the upcoming Budget.

IOSCO recommends improved disclosure for direct products

ALEX DUNNIN  |  FRIDAY, 2 MAY 2014
The growth of directly distributed financial products has pushed a Joint Forum of the International Organisation of Securities Organisations (IOSCO) to call for improved global regulation and disclosure standards for products sold this way.

Virgin Money cops fine for misleading direct insurance ads

MARK SMITH  |  WEDNESDAY, 30 APR 2014
Virgin Money Australia has been forced to pay $30,600 in penalties after some of its advertisements fell foul of the regulator.