ASIC consults on updates to relief for superannuation calculators and retirement estimates

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ASIC has released Consultation Paper 351 Superannuation forecasts: Update to superannuation calculators and estimates relief (CP 351) to seek stakeholder feedback on proposed updates to relief and guidance for superannuation forecasting

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ASIC consults on consumer remediation draft guidance

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ASIC has released a draft updated and expanded regulatory guide to consult on the way licensees should conduct remediations to return money owed to consumers. The draft guidance is an

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ASIC releases guidance and examples on records of advice

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ASIC has released an information sheet on records of advice (ROA) and three ROA examples to provide clarity to financial advisers and advice licensees on their obligations when using ROAs

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Appointment of Kirsten Fish as ATO Second Commissioner

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As announced by the Assistant Treasurer, the Hon Michael Sukkar MP, the Australian Taxation Office (ATO) is pleased to confirm the appointment of Ms Kirsten Fish as a Second Commissioner

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Surveillance of investment switching by super fund executives identifies concerns with trustees’ conflicts arrangements

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An ASIC surveillance about personal investment switching by directors and senior executives of superannuation trustees has identified concerns with trustees’ management of conflicts of interest. ASIC looked at a sample

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Report on competition in the Australian funds management industry released

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ASIC has released a report on the state of competition in Australia’s funds management industry. ASIC commissioned independent research by Deloitte Access Economics (Deloitte) to examine competition between fund managers

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ASIC publishes guidance on hawking reforms

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ASIC has published updated regulatory guidance on the prohibition of hawking financial products. ASIC’s updated regulatory guide (RG 38) reflects the reforms to the anti-hawking regime under the Financial Sector Reform

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Licensing and professional registration activities: 2021 update

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ASIC’s Licensing and professional registration activities: 2021 update (Report 700) outlines key issues, new and proposed changes to our licensing processes, and other work we have undertaken that affects licensees. Between

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ASIC publishes guidance on breach reporting

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ASIC has released regulatory guidance to help credit and Australian Financial Services (AFS) licensees to meet new breach reporting obligations. Set to commence on 1 October 2021, the breach reporting

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Check on superannuation trustee preparedness for new IDR requirements finds more work required

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A recent ASIC survey of registrable superannuation entities (trustees) about their preparedness for the new enforceable internal dispute resolution (IDR) obligations has identified some important areas requiring further work. Following

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