Australia needs to regulate cryptocurrency market to ensure it remains globally competitive

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Australia’s largest digital assets exchange, BTC Markets, is calling for regulatory oversight of the domestic digital assets market amid a renewed surge in demand for Bitcoin and other cryptocurrencies. According... Read more continue reading

The BFO invites future leaders in finance to be ambassadors for ethics

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The Banking and Finance Oath (The BFO) has announced applications are now open for its 2021-2022 Young Ambassador Program. The Program encourages and supports students and graduates to adopt a... Read more continue reading

BNPL Code – to B or not to B a member?

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The Australian Finance Industry Association (AFIA) has released a new voluntary Buy Now Pay Later (BNPL) Code (Code) to address criticism that the industry is under-regulated and to enhance consumer... Read more continue reading

Royal Commission highlights retired Australian’s desire to live at home; Household Capital helps them to make it safe

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Household Capital welcomes the government’s Royal Commission into Aged Care and looks forward to meaningful and urgent reform of the aged care industry. Says Dr Joshua Funder, Chief Executive Officer... Read more continue reading

Cyber risk – governance implications for Australian financial advisers

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A cautionary tale…. Imagine, just briefly, a small financial planning practice in Australia. And imagine that firm was infiltrated by an invisible cybercriminal, possibly from overseas, who gained unauthorised access... Read more continue reading

Regulatory response – What you need to know about claims as a financial service

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The Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 was passed by Parliament on 10 December 2020. It covers a range of reforms, in line with the revised regulatory... Read more continue reading

The retrospective effect of The State Revenue Legislation Further Amendment Act 2020 (NSW) on discretionary trusts 

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An important reminder that discretionary trusts that have already sold all residential properties before the deadline of 31 December 2020 could still be assessed for foreign surcharge purposes under the... Read more continue reading

Government proposal to simplify the regulatory framework applying to financial advisers

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The government announced on Wednesday its intention to expand the operation of the Financial Services and Credit Panel (FSCP) within the Australian Securities and Investments Commission to encompass the functions... Read more continue reading

Strengthening and streamlining oversight of the financial advice sector

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Joint media release with Senator the Hon Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology: The Morrison Government is implementing further reforms to strengthen the financial advice... Read more continue reading

ASIC issues information sheet on managing conduct risk during LIBOR transition

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ASIC has published Information Sheet 252: Managing conduct risk during LIBOR transition (INFO 252) on practical guidance that Australian entities can adopt to manage conduct risk during the London Interbank Offered... Read more continue reading