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Regulatory

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
The Assistant Treasurer Arthur Sinodinos has denied claims that the government's plan to implement the Future of Financial Advice (FoFA) reform measures through regulations, rather than via legislation, is a way to avoid opposition scrutiny.

Accountant guilty of operating 21 unregistered schemes

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
A Melbourne accountant has pleaded guilty to 27 criminal charges including charges of operating 21 unregistered managed investment schemes.

Government releases FoFA draft legislation

ALICE URIBE  |  WEDNESDAY, 29 JAN 2014
As part of its move the wind back the former government's Future of Financial Advice (FoFA) reforms, Assistant Treasurer Arthur Sinodinos has released a set of draft regulations and legislation for consultation.

New ATO powers to decrease SMSF 'delinquency'

JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
Plans to increase the power of the Australian Taxation Office (ATO) to penalise self-managed superannuation funds (SMSFs) on a sliding scale will provide a more nuanced way of penalising 'delinquent trustees', according to Superannuation Australia's ...

ASIC publishes Medcraft travel details

MARK SMITH  |  TUESDAY, 14 JAN 2014
Documents released by the Australian Securities and Investments Commission (ASIC) show that chairman Greg Medcraft spent more than 80 days overseas on business trips last year.

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
The Australian Securities Exchange (ASX) has cleared the most significant hurdle on the road to its 'mFund Settlement Service' - the third incarnation of AQUA II - after the Australian Securities and Investment Commission (ASIC) gave it the go-ahead.

Financial system inquiry panel revealed

ALICE URIBE  |  FRIDAY, 20 DEC 2013
Treasurer Joe Hockey has announced the panel for the Financial Systems Inquiry, with some key wealth management industry figures being appointed.

FSC asks Son of Wallis Inquiry to focus on export growth

LAURA MILLAN  |  FRIDAY, 13 DEC 2013
The Financial Services Council (FSC) is looking at the Financial System Inquiry as an opportunity to find ways for Australia's financial services to maximise exports and ensure growth.

ASIC bans credit and mortgage brokers

LAURA MILLAN  |  WEDNESDAY, 11 DEC 2013
The Australian Securities and Investments Commission (ASIC) has banned three mortgage brokers and convicted one after it found that they had provided false information to clients.

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Australia should amend the Corporations Act to improve a whistleblowing legal regime that is "patchy, limited and far from international best-practice."