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Regulatory

Landmark case against board duty failure

ELISE BURGESS  |  TUESDAY, 28 JUN 2011
ASIC's case could set a precedent with which all Australian board behaviour, responsibilities and financial obligations can be compared.

ASIC accepts EU from Kilara Financial Solutions

ELISE BURGESS  |  MONDAY, 27 JUN 2011
Planning group, Kilara Financial Solutions, will take on an independent compliance expert at its own cost after having switched clients to Trio Capital super products.

Masters of Financial Regulation on offer for first time

ALISON BEVEGE  |  MONDAY, 27 JUN 2011
As the Australian financial regulatory sphere becomes more complex, Macquarie University is set to offer a new master's degree in financial regulation.

Tax agreement between Aus and Liechtenstein

ELISE BURGESS  |  THURSDAY, 23 JUN 2011
Tax avoiders can no longer flee to high net wealth haven Liechtenstein after it and Australia have signed a tax information exchange agreement (TIEA), building stronger economic and trading ties between the two nations.

ASX grants Chi-X access to TAS

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
The ASX Group (ASX) has decided to allow Chi-X Australia to use its new Trade Acceptance Service (TAS), with Chi-X signing a non-exclusive arrangement.

ASIC fee changes

ELISE BURGESS  |  MONDAY, 20 JUN 2011
Financial services companies will face higher fees from the Australian Securities and Investments Commissions (ASIC) from July 1 based on the March quarter Consumer Price Index.

van Eyk calls for pay for ratings disclosure

PRESS RELEASE  |  FRIDAY, 17 JUN 2011
In its future of financial advice (FOFA) submission, investment reaserarch house, van Eyk has called for the disclosure of the pay for ratings research model, not currently integrated into the proposed reforms.

Tax strategies from ATO, Cavendish

ELISE BURGESS  |  FRIDAY, 17 JUN 2011
The Australian Taxation Office (ATO) has cautioned investors when creating a tax effective strategy, warning of the hidden consequences of new investment arrangements.

Financial services honoured with Queen's favour

ELISE BURGESS  |  WEDNESDAY, 15 JUN 2011
Members of the Australian financial services industry have received Queen's Birthday honours this year including advisers, super fund heads and regulatory figures.

Financial PDS' 'Shortened'

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
Shortened product disclosure statements (PDS) to get a year long grace period under Assistant Treasurer Bill Shorten's new proposal.