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Regulatory

Australian Capital Reserve collapses

HAMISH MADDEN  |  TUESDAY, 29 MAY 2007
Property investment vehicle Australian Capital Reserve (ACR) has entered into voluntary administration, sparking a potential collapse which could destroy $300 million of investor funds.

Risk awareness up, costs down: Aon

CHRIS NICHOLLS  |  MONDAY, 28 MAY 2007
Corporate governance again emerged as the top risk concern for executives in Aon's annual survey, with changing compliance and regulatory burdens and personal liability fears the primary drivers.

Government offers industry the simple life

CHRIS NICHOLLS  |  FRIDAY, 25 MAY 2007
Advisers will be able to offer simplified records of advice to clients investing less than $15,000, while businesses can post annual reports and new or revised product information online, under proposed new Simpler Regulatory System reforms.

Dutton allows warrants back on SMSF menu

CHRIS NICHOLLS  |  WEDNESDAY, 23 MAY 2007
Assistant Treasurer Peter Dutton yesterday reversed the Federal Government's hardline stance on instalment warrants, allowing self-managed super funds to invest in warrants of "a limited recourse nature over any asset a fund would be permitted to invest ...

Investors will be compensated for dud advice: Pearce

ALEX DUNNIN  |  MONDAY, 21 MAY 2007
Financial services licensees must have measures in place so they can compensate retail clients if the advice or services they provide are found to be "inappropriate".

Members covered for fraud but not bad investments

The troubles of a Western Australian-based super fund should serve as a stark warning to super fund members who blindly contribute money into their super without understanding how their funds are invested.

Costello launches Simpler Super ad campaign

CHRIS NICHOLLS  |  FRIDAY, 11 MAY 2007
Treasurer Peter Costello and Assistant Treasurer Peter Dutton today launched a $69 million campaign to educate the public about the changes in superannuation that come into effect from 1 July.

Budget reply: National clearing house, halve the OS withholding tax

ALEX DUNNIN  |  FRIDAY, 11 MAY 2007
The real Budget presented by Treasurer Peter Costello on Tuesday night largely ignored superannuation and investment, but the make-believe Budget Reply announced by Opposition Leader Kevin Rudd last night had us front and centre.

Super choice Budget boost

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2007
Wealth managers usually complain that Governments change the rules too often and how they should leave the industry alone for a while, and yet after last night's Budget they are complaining there weren't enough changes.

Insurance made easier for associations and clubs

CHRIS NICHOLLS  |  TUESDAY, 8 MAY 2007
Community associations and sports clubs that group purchase insurance for members could be exempt from insurance seller status and associated regulatory costs in an Australian Securities and Investments Commission (ASIC) proposal to attack underinsurance.