Contractual liability insurance

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Historically, contractual liability cover has been hard to obtain – especially blanket cover and until recently, it was generally unaffordable for many SMEs. The good news is that a small number

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16 May 2016

Challenges for digital dealings

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ASIC says the financial services laws are technologically neutral. But when you get down to the detailed work required to apply the current framework to digital advice, it quickly becomes

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09 May 2016

Designating contracts

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Most contracts contain indemnity clauses that require one party to indemnify the other if things go wrong. Where there’s an imbalance of negotiating power, these clauses are often quite unfair

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04 May 2016

Licence now – or in 2019

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With less than a month until ASIC’s soft licensing deadline, only 276 limited licence applications have been submitted and only 31% of these have been granted. Some accountants are waiting

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26 Apr 2016

Conflicted remuneration

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Remuneration for life risk insurance is exempt from the ban on conflicted remuneration – but not for much longer. An established link between high levels of upfront commissions and poor

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19 Apr 2016

Responsible managers

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Late last year, ASIC announced that it intends to apply more rigorous tests before granting AFS and credit licences. The sheer number of ASIC investigations each year – leading to

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18 Apr 2016

Responsible managers

From

Late last year, ASIC announced that it intends to apply more rigorous tests before granting AFS and credit licences. The sheer number of ASIC investigations each year – leading to

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16 Mar 2016

Conflicted remuneration

From

Remuneration for life risk insurance is exempt from the ban on conflicted remuneration – but not for much longer.  An established link between high levels of upfront commissions and poor

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14 Mar 2016

Licence now – or in 2019

From

With less than a month until ASIC’s soft licensing deadline, only 276 limited licence applications have been submitted and only 31% of these have been granted. Some accountants are waiting

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18 Feb 2016

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

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03 Nov 2015