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Regulatory

Financial Ombudsman Service launched

RUTH LIEW  |  WEDNESDAY, 21 MAY 2008
The Australian Securities and Investments Commission (ASIC) has given the thumbs up to the establishment of a new Financial Ombudsman Service (FOS).

AIST calls for SMSF reform

ALEX DUNNIN  |  FRIDAY, 16 MAY 2008
The Australian Institute of Superannuation Trustees (AIST) has called for reforms to the self-managed superannuation fund sector, including minimum trustee education requirements.

Govt to create national infra investment fund

ALEX DUNNIN  |  MONDAY, 12 MAY 2008
The government is about to set up a new multi-billion investment fund to capture the windfall revenue gains from the resources boom and will use the money to help fund national infrastructure projects, if yet another Budget leak is to be believed.

ASIC divides to conquer

The Australian Securities and Investments Commission (ASIC) will split its single enforcement directorate division into six and four of its 'silo' directorates into 17 stakeholder teams, in a bid to stay relevant with the fast evolving financial markets.

Our two-track super model

ALEX DUNNIN  |  FRIDAY, 2 MAY 2008
Prime Minister Kevin Rudd could be sending strong regulatory signals when he said people earning more than $60,000 may not need welfare support and government protection.

Life insurance tax should be abolished: IFSA

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
Life insurers and industry body IFSA are backing a proposed state legislation to abolish stamp duty and other related taxes on life insurance products which, if passed, could reduce premiums by up to 12 per cent.

Attack tax with tact

ALEX DUNNIN  |  THURSDAY, 1 MAY 2008
One of the major recommendations that came out of the recent 2020 Summit was for a "root and branch" review of tax system even though we all know this is just code for Prime Minister Rudd wanting to increase, not lower, the tax take.

Short selling flaw lies in disclosure

ALEX DUNNIN  |  TUESDAY, 29 APR 2008
Despite concerns about the market impacts of short selling, the government has said the issue is around the lack of disclosure, not the practice.

Sherry withdraws from Lift inquiry

MICHAEL HOBBS  |  MONDAY, 14 APR 2008
Minister for superannuation and corporate law Nick Sherry has removed himself from investigations into Lift Capital Partners after he found out two members of his extended family had investments with the embattled firm.

ATO warns on super loans

WWW.THESHEET.COM  |  MONDAY, 7 APR 2008
The Australian Taxation Office has cautioned trustees of self managed superannuation to be careful about the types of loan arrangements they get into.