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Regulatory

Ripoll thanks industry for reforms support

BEN COLLINS  |  TUESDAY, 5 FEB 2013
Parliamentary Secretary to the Treasurer, Bernie Ripoll, yesterday thanked the financial services industry for its support of the Gillard Government's Stronger Super reforms.

Mac Private Wealth forced to rectify serious deficiencies

MARK SMITH  |  WEDNESDAY, 30 JAN 2013
Macquarie Private Wealth has given the Australian Securities and Investments Commission an enforceable undertaking to right recurring compliance deficiencies dating back more than five years.

Government gives tax certainty for deceased estates

MARK SMITH  |  WEDNESDAY, 30 JAN 2013
The Minister for Financial Services and Superannuation, Bill Shorten, today released a draft regulation of Government measures to provide tax certainty to the beneficiaries of deceased estates.

EDHEC-Risk reveals risk control plan

MARK SMITH  |  TUESDAY, 29 JAN 2013
After a three-year study into the European collective investment scheme industry, the EDHEC-Risk Institute has recommended a system of 'shared responsibility' to limit the non-financial risks which emerged following the global financial crisis.

ISN welcomes financial planner fee guidance

BEN COLLINS  |  TUESDAY, 29 JAN 2013
Industry Super Network has welcomed fee disclosure guidance released last week by the Australian Securities & Investments Commission.

Former mortgage broker convicted

MARK STORY  |  FRIDAY, 25 JAN 2013
A former NSW-based mortgage broker was yesterday convicted of 10 offences under the National Consumer Credit Protection Act 2009 (National Credit Act).

Trustee liability issues surface at PJC

BEN COLLINS  |  THURSDAY, 24 JAN 2013
Industry representatives have challenged a part of the Federal Government's final MySuper Bill likely to leave superannuation fund trustees at risk of contentious litigation.

Trio Capital action group to put forward Federal Candidate

BEN COLLINS  |  TUESDAY, 22 JAN 2013
A community group has said it will back a candidate for the New South Wales federal seat of Throsby as a result of its claims that the Gillard Government ignored victims of financial fraud.

FATCA outcome remains unclear

MARK SMITH  |  MONDAY, 21 JAN 2013
The full impact of the Foreign Account Tax Compliance Act (FATCA) regulations from the US Treasury and IRS on Australian financial institutions is still uncertain, says Ernst & Young's Paul Siviour.

Corporate governance boosted by two-strike rule

MARK SMITH  |  THURSDAY, 17 JAN 2013
The 'two-strike rule' on remuneration has improved corporate governance by making company directors more accountable to their shareholders, according to AMP Capital.