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

Regulatory

Australia signs FATCA agreement with US

MARK SMITH  |  TUESDAY, 29 APR 2014
The Australian government has signed an inter-governmental agreement with the United States to implement the US Foreign Account Tax Compliance Act (FATCA) in a bid to improve international tax compliance.

FEATURE: Re-imagining Australia's financial future

STAFF WRITERS  |  THURSDAY, 24 APR 2014
With the deadline now closed for submissions to the Financial System Inquiry, the first investigation into the sector in 16 years, the Financial Standard team investigates the big themes, the surprises and what has been missed amongst the more than 250 ...

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
The Economics Committee conducting the inquiry into the performance of the Australian Securities and Investments Commission (ASIC) will present the Senate with "a widespread report that will include the industries' black holes and dark corners."

SMSFs need no more regulation: Treasury

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The self-managed superannuation fund (SMSF) industry does not need to be prudentially regulated, Treasury has argued in its submission to the Financial System Inquiry.

ASIC should regulate SMSFs as a financial product: PwC

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
PricewaterhouseCoopers (PwC) has recommended that individual self-managed super funds (SMSF) should be treated as a financial product regulated by the Australian Securities and Investments Commission (ASIC).

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
The Australian Securities and Investments Commission (ASIC) asked the Financial System Inquiry (FSI) to consider changing the regulator's funding model to one partly based on fee for service.

Reduce corporate tax rate, says Macquarie

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
The corporation tax rate should be reduced to 25% if Australia wants to become a regional financial services hub, Macquarie Group has argued.

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
The Australian Prudential Regulation Authority (APRA) has used its submission to the Financial System Inquiry to call for increased independence from government.

Government takes aim at corporation tax

JAMES FERNYHOUGH  |  FRIDAY, 4 APR 2014
Australia's 30% corporation tax rate is getting in the way of the nation becoming a regional "financial services powerhouse", according to Parliamentary Secretary to the Treasurer Steven Ciobo.

Sinodinos says six figure AWH salary was 'reasonable'

LAURA MILLAN  |  THURSDAY, 3 APR 2014
Former assistant treasurer Arthur Sinodinos has said he found it "reasonable" he was paid a salary of $200,000 per year as chairman of Australian Water Holdings (AWH), a role that involved between 25 and 44 hours of work every year.