PJC can put FoFA back on track

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The Parliamentary Joint Committee on Corporations and Financial Services (the PJC) has provided the Government with a unique opportunity to hear about the real impact of the Future of Financial... Read more continue reading

ASX monthly activity report

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The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 5.2% in January 2012. This performance was in line with rises in other major markets, including Hong... Read more continue reading

ASIC finalises investigation into Saxo Bank following Sonray collapse

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ASIC has finalised its investigation into Saxo Bank A/S, the former provider of the trading platform for collapsed broker, Sonray Capital Markets Pty Ltd (in liquidation) (Sonray). Following the conclusion... Read more continue reading

ASIC releases investor guide & disclosure requirement for Agribusiness MIS

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ASIC has released an investor guide and regulatory guidance with new disclosure benchmarks and principles for agribusiness managed investment schemes to improve investor awareness of the risks associated with these products.... Read more continue reading

ASIC improves disclosure by infrastructure entities

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ASIC has released new disclosure benchmarks and principles for infrastructure entities to improve investor awareness of the risks associated with investing in these products. The risks of investing in infrastructure entities... Read more continue reading

Professionalism key to getting reforms back on track, FPA tells parliament

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While reiterating broad support of the intent behind the original FoFA reforms, head of peak professional body the Financial Planning Association (FPA), Mark Rantall, has warned the Parliamentary Joint Committee (PJC)... Read more continue reading

FPA supports Super Funds enquiry

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The Financial Planning Association (FPA) has welcomed a government announcement for the Productivity Commission to conduct an inquiry into default superannuation funds in modern awards. Dante DeGori, General Manager Policy... Read more continue reading

Get FoFA back on track: AFA

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Draft Future of Financial Advice (FoFA) legislation is still failing consumers by not measuring up to its own expectations, according to the Association of Financial Advisers (AFA). Commenting on the... Read more continue reading

ASIC accepts enforceable undertakings from Storm advisers

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ASIC has accepted enforceable undertakings (EUs) from three financial advisers formerly employed by Storm Financial Ltd. The three financial advisers are Ms Carey Fraser of North Ward, Queensland, Mr Trevor Alan... Read more continue reading

ASIC suspends Equititrust AFS licence

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ASIC has suspended the Australian financial services (AFS) licence of Gold Coast-based Equititrust Limited ACN 061 383 944 (Equititrust) for 12 months, for failing to comply with a number of... Read more continue reading