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Regulatory

Senate showdown looms on Clearing House legislation

ALEX DUNNIN  |  FRIDAY, 12 MAR 2010
Coalition calls for major amendments to the Government's legislation to authorise the Medicare monopoly on Approved Superannuation Clearing Houses is setting up another Senate showdown.

Changes to borrowing brings peace of mind

MICHAEL HOBBS  |  THURSDAY, 11 MAR 2010
The government's proposal to bring certain borrowing arrangements under the Corporations Act means shonky promoters will be shut out of the market and self managed super fund (SMSF) trustees can have peace of mind when using the products.

FOS appoints Belleville to board

PRESS RELEASE  |  WEDNESDAY, 10 MAR 2010
The Financial Ombudsman Service (FOS) has appointed former Suncorp executive, Robert Belleville, as director for the service.

Treasury proposes mandatory governance principles

MICHAEL HOBBS  |  TUESDAY, 9 MAR 2010
Treasury is examining whether the ASX's corporate governance principles should extend to all 500 companies in the S&P/ASX All Ordinaries Index instead of the top 300 companies as part of a broader review of the audit industry.

Fund managers on tax alert

MICHAEL HOBBS  |  FRIDAY, 12 FEB 2010
Fund managers could lose major clients or risk paying hefty fines if they don't comply with new tax rules which come into effect from July this year, according to one technology firm.

Hartsuyker takes aim at govt reviews

MICHAEL HOBBS  |  FRIDAY, 5 FEB 2010
Luke Hartsuyker, shadow minister for financial services, superannuation, corporate law and consumer affairs, said the Government has failed to encourage Australians to invest in superannuation by creating an uncertain regulatory environment.

IGR signals tax and health reform

ALEX DUNNIN  |  TUESDAY, 2 FEB 2010
Fiscal pressures due to Australia's ageing population outlined in the latest Intergenerational Report strengthen the case for health reform, tax reform, national productivity growth targets and the removal of the compulsory retirement age.

HLB Mann Judd search for Henry clues

MICHAEL HOBBS  |  FRIDAY, 29 JAN 2010
While investors will have to wait a while before they find out what the tax system changes are following the Henry Review, a leading tax expert takes a stab at what the new regime could be.

ASIC power boost could trigger witch-hunts

RUTH LIEW  |  FRIDAY, 29 JAN 2010
Some investment experts worry the government's plans to increase ASIC's investigative powers could spark industry witch-hunts.

Standard Life fined $4m for bad marketing

COMPANY RELEASE  |  MONDAY, 25 JAN 2010
The UK financial services regulator has fined Standard Life Assurance more than $4 million for releasing misleading marketing information that resulted in approximately 98,000 people believing they were invested in pure cash assets.