Joint Associations Working Group pushes for more flexible education standard for new entrants and career changers

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The financial advice sector has unified to improve the pathways for new advisers to enter the profession in response to declining numbers of financial advisers. The Joint Associations Working Group... Read more continue reading

Government urged to prioritise pension amnesty in Federal Budget

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The SMSF Association is urging Treasury to prioritise an amnesty for legacy pensions in the upcoming Federal Budget on May 14, following clarification about how these pensions will be valued... Read more continue reading

AFCA worried by rising complaints over handling of hardship

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The Australian Financial Complaints Authority (AFCA) is concerned by a rise in complaints involving financial difficulty, especially lenders’ handling of customer requests for hardship assistance. Complaints involving financial difficulty, a... Read more continue reading

Customer-owned banks welcome Parliamentary report which finds regulatory burden a threat to competition

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The Customer Owned Banking Association (COBA) and its member banks welcome the findings of the Better Competition, Better Prices report from the House of Representatives Standing Committee on Economics following its inquiry... Read more continue reading

SMSF Association stands against new tax as debate looms

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With the Government’s new super tax set to be debated in Parliament today, the SMSF Association is continuing to rally support for an overhaul of key elements of the proposed... Read more continue reading

SMSF Association hits out at retrospective CSLR levy

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The SMSF Association says the retrospective effect of the Compensation Scheme of Last Resort (CSLR) levy is a body blow for advisers at a time when the Federal Government’s stated intention... Read more continue reading

FAAA calls for retrospective impact of the CSLR on financial advisers to be urgently resolved 

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The Compensation Scheme of Last Resort (CSLR) has now publicly released estimates of what advisers will be expected to pay for the first full year of the operation of the... Read more continue reading

ASIC and APRA release a cross-industry information package on the Financial Accountability Regime

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The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help banks, insurers and superannuation trustees prepare for the commencement of... Read more continue reading

FAAA launches financial literacy workshop for high school students

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The Financial Advice Association of Australia (FAAA) has launched a nationwide financial literacy program aimed at high-school students, developing a simple but informative workshop that will teach young Australians important... Read more continue reading

Strong progress regarding the tax deductibility of upfront advice fees can be further strengthened

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The Financial Advice Association Australia (FAAA) says the ATO can build upon the progress made in its public release of revised tax deductibility guidance in December 2023 by further refining... Read more continue reading