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Regulatory

Brogden calls for government agreement on FATCA

MELANIE TIMBRELL  |  TUESDAY, 15 MAY 2012
FSC chief John Brogden has called on the Gillard government to provide strong support for the wealth sector ahead of addressing an IRS hearing in Washington DC on the contentious FATCA regime.

Research houses to step up transparency

BEN COLLINS  |  MONDAY, 14 MAY 2012
There have been calls for more transparency and accountability in response to ASIC's consultation paper on the regulation of research report providers and research houses.

MIT Budget inconsistencies spark concern

MELANIE TIMBRELL  |  THURSDAY, 10 MAY 2012
The surprise doubling of withholding tax for foreign investment in managed investment trusts has been criticised as inconsistent with the IMR initiative.

Australia's finely balanced $376bn budget

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2012
Australia's $376 billion government budget announced last night included a forecast $1.5 billion surplus in 2012-13 that will increase steadily to $7.5 billion over the next four years.

Budget move to take superannuation 'back to the future'

RACHEL DAVIS  |  TUESDAY, 8 MAY 2012
Possible changes to the tax treatment of superannuation for high-income earners, likely to be included in tonight's federal budget, are taking Australia 'back to the future' according to Towers Watson.

Return to surplus may hit big business

MELANIE TIMBRELL  |  TUESDAY, 8 MAY 2012
Likely cuts in concessions to business and a rushed return to surplus risks damaging softer sectors of the economy, according to Yasser El-Ansary, general manager, policy at the Institute of Chartered Accountants.

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
ASIC has warned the industry that misuse of the term independent will result in strong action by the regulator, including publicly naming companies found to be in breach.

ASIC flags guidance on code approval

MELANIE TIMBRELL  |  WEDNESDAY, 2 MAY 2012
ASIC has flagged its intention to publish guidance on approval of codes in the advice sector, following changes to the FOFA Bill.

FPA calls on ASIC for clearer advice definitions

LINDA HAUSKEN  |  WEDNESDAY, 2 MAY 2012
The Financial Planning Association has called on The Australian Securities and Investments Commission for greater clarity and definitions of quality advice.

FOFA will not be delayed: Minter Ellison

BEN COLLINS  |  TUESDAY, 1 MAY 2012
The Federal Government's FOFA legislation will be implemented on target, said Minter Ellison Lawyers at a roundtable yesterday.