ASIC appeals Westpac Federal Court decision
JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so.
Adviser asked to cover regulator costs
KANIKA SOOD  |  MONDAY, 18 FEB 2019
The Queensland Supreme Court has issued orders against a man who ran an unlicensed advice business and collected kickbacks on investment properties he recommended to his SMSF clients.
Industry funds wary of stapling default members
KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds.
Government carves out super deal
HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
The Government's signature superannuation legislation passed through the Senate, but not without victims.
Government moves on Royal Commission super recommendations
HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
The Federal Government has amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report.
Former Macquarie advisers have bans reduced
JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
Two former Macquarie financial advisers that were banned for 10 years for falsifying client records have had their penalties substantially reduced by the Administrative Appeals Tribunal.
ACSA creates managed fund taskforce
HARRISON WORLEY  |  MONDAY, 11 FEB 2019
The Australian Custodial Services Association will facilitate an industry taskforce to help address what it deems "systemic" obstacles in servicing managed funds and encourage more standards and automation in the local market.
ASIC gears up for Brexit
KANIKA SOOD  |  MONDAY, 11 FEB 2019
ASIC is liaising with the UK corporate regulator, Bank of England and local stakeholders to prepare for Brexit's impact, it said in a statement.
Treasury initiates review post RC
KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Federal Treasurer Josh Frydenberg has announced an immediate review into how financial counselling services are funded and co-ordinated.
ETP provider fined for misleading promos
JAMIE WILLIAMSON  |  THURSDAY, 7 FEB 2019
The provider of Australia's first exchange-traded bonds has been slapped with ASIC fines totalling more than $25,000 for making misleading statements online.
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