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Regulatory

Tax system should improve wellbeing: Henry

ALEX DUNNIN  |  FRIDAY, 16 OCT 2009
A landmark speech by Dr Ken Henry, head of Treasury, shows why he terrifies the financial services lobby - he believes the taxation system should be used to boost societal wellbeing rather than protect incumbency.

ASIC reviews prospectus disclosure of CRAs

MICHELLE BALTAZAR  |  FRIDAY, 11 SEP 2009
ASIC has released a discussion paper that proposes strict conditions on how credit ratings should be reported in prospectuses in an attempt to enhance protection to retail investors.

Govt announces short selling disclosure timeline

MICHAEL HOBBS  |  MONDAY, 7 SEP 2009
The federal government expects to release short selling disclosure requirements in the next month, eight months after the government passed the Bill.

Price of banning commissions will be high: Treasury

ALEX DUNNIN  |  THURSDAY, 27 AUG 2009
Banning adviser commissions would fix conflict of interest distortions but the price may be advice becoming too expensive, and the advice industry becoming unsustainable, said Treasury in its submission to the Ripoll Inquiry.

Cooper Review calls for governance submissions

RUTH LIEW  |  TUESDAY, 25 AUG 2009
The Cooper Review has fired its starting gun when it called for submissions in response to its "Phase One" issues paper on governance.

SMSFs targeted in $428k swindle

ASIC RELEASE  |  FRIDAY, 21 AUG 2009
A man has been jailed and his wife charged with aiding and abetting dishonest conduct for stealing nearly half a million dollars from self-managed super fund (SMSF) trustees.

Planner remuneration disclosure isn't working: ASIC

ALEX DUNNIN  |  TUESDAY, 18 AUG 2009
The campaign to fix perceptions of adviser conflicts of interest has escalated into total war following ASIC's 184 page submission to the Ripoll Inquiry that asks the government to consider whether any form of remuneration from product manufacturers ...

Govt aids anti-predatory lending laws

GOVT ANNOUNCEMENT  |  MONDAY, 17 AUG 2009
Finance brokers and certains lenders will need to comply with new responsible lending laws a year earlier than planned under the updated timetable of the government's proposed consumer credit reforms.

Trustees must not be victimised: APRA

APRA RELEASE  |  THURSDAY, 6 AUG 2009
The chief executive of an employer association is facing criminal prosecution for allegedly sacking two employees who were trustees of the association's super fund because they didn't renew an outsourcing contract the fund had with the association.

Cooper the competition crusader is coming

ALEX DUNNIN  |  MONDAY, 3 AUG 2009
Jeremy Cooper, head of the government's all powerful review into the structure of superannuation, has poured cold water on a national default fund but opened the door to a tiered model that would allow fund members to step up into more sophisticated ...