No limited licence extension

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ASIC has already signalled that it has no intention of providing a further grace period to accountants who don’t act now to become authorised, and only five months remain until... Read more continue reading

Sleeper issues of Murray Review: CIPRs and legacy investment products

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The ‘known unknown’ is the comment by the Review to consider aligning the earnings tax between accumulation and retirement phases and to better integrate super and age pension systems. While... Read more continue reading

Court declines to make super splitting order – as split was to a third party

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Stant’s case [2015] FamCA 734 Can the Super Splitting provisions of the Family Law Act be used to split a husband’s super interest with a third party? The Family Court... Read more continue reading

ASIC enhances Financial Advisers Register

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ASIC has now launched the second stage of the Financial Advisers Register (FAR) which now includes information about advisers’ qualifications, training and memberships of professional bodies. The register, which has... Read more continue reading

ASIC to give guidance on review and remediation in the financial advice industry

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ASIC will develop a regulatory guide on review and remediation programs conducted by Australian financial services licensees that provide financial advice. Over the last few years ASIC has negotiated a... Read more continue reading

Lonsec Active Funds outperform and the passive v active debate

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Lonsec Releases Aussie Equities Sector Review The latest review of Australian equities by research house and ratings company Lonsec has found its actively managed funds have clearly outperformed index funds... Read more continue reading

ANZ to reimburse Prime Access clients after review identifies documented annual review not provided

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ANZ yesterday confirmed it will be reimbursing some Prime Access clients after it identified the documented annual review, part of a package of services, had not been provided. Prime Access is... Read more continue reading

ASIC increasing use of behavioural economics across its regulatory business

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ASIC yesterday released two reports of behavioural economics (BE) research experiments conducted as part of its push to better understand market and consumer behaviour. The behavioural experiments conducted by the Queensland... Read more continue reading

ASIC takes action on deficient advice on complex structured investment products

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ASIC concerns about financial advice relating to complex products has led to 10 licensees undertaking corrective action. ASIC released a report in December 2013 which looked at advice provided by... Read more continue reading

Update on the implementation of ASIC register for financial advisers

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The corporate regulator, ASIC, is well advanced with work on an industry-wide public register of financial advisers to be up and running at the end of March. The Government announced... Read more continue reading