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Regulatory

Pension age too low: CEDA

ALEX DUNNIN  |  WEDNESDAY, 10 OCT 2007
Australia's ageing population means we should increase our pension age to 67 years, says a report released by the private sector think tank, the Committee for Economic Development of Australia (CEDA).

Bannned AFS planner to appeal

CHRIS NICHOLLS  |  MONDAY, 24 SEP 2007
AFS has expressed disappointment over the Australian Securities and Investments Commission decision to ban one of its advisers, Michael Parker, and said it will support his appeal to the Administrative Appeals Tribunal.

DIY funds get legal warrant access

CHRIS NICHOLLS  |  THURSDAY, 20 SEP 2007
The Senate has ended years of fluctuating policy and regulatory decisions by passing legislation to allow the use of instalment warrants for self managed super funds (SMSFs).

Govt exempts terminally ill from super lump sum tax

MICHAEL HOBBS  |  WEDNESDAY, 12 SEP 2007
The Federal Government has announced it will allow those with a terminal illness who want access to their superannuation under the age of 60 to gain tax exemptions.

Property developer gets two years jail

CHRIS NICHOLLS  |  TUESDAY, 11 SEP 2007
The Australian Securities and Investments Commission (ASIC) has successfully prosecuted a Mount Eliza property developer for duping 49 investors in a property development out of $14 million.

ATO releases draft rulings on SMSFs

The Tax Office has released the first in a series of draft rulings on self managed super funds (SMSFs) and has called on the public for comment.

New PDS cuts to the chase

MICHAEL HOBBS  |  WEDNESDAY, 5 SEP 2007
The Federal Government's new 'incorporation by reference' rules allow enhanced communication between companies and investors, while ensuring members can access desired information faster, according to Mercer.

Comm Foundation partners with teachers on FinLit

ALEX DUNNIN  |  THURSDAY, 30 AUG 2007
The Commonwealth Bank Foundation is partnering with Australian Association of Mathematics Teachers (AAMT) to jointly run financial literacy professional development workshops for teachers.

Labor supports financial services export push

CHRIS NICHOLLS  |  MONDAY, 27 AUG 2007
The Shadow Minister for Trade and Regional Development, Simon Crean, has announced the Labor party's support for the Investment and Financial Services Association (IFSA) May discussion paper on exporting Australia's financial services.

Debenture devil in the detail

The high profile failures of debenture issuers such as Westpoint, Fincorp and Bridgecorp have prompted ASIC to release a consultation paper detailing tighter disclosure rules on debenture products. But is more disclosure enough to protect retail investors?