SPAA backs ASIC warning on SMSF property investment

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The SMSF Professionals’ Association of Australian (SPAA) fully supports the ASIC statement issued on Wednesday that strongly warns the real estate industry about agents recommending investors to use an SMSF

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ASIC warns real estate industry about recommending property investment through SMSFs

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ASIC has warned the real estate industry that agents recommending investors use a self-managed superannuation fund (SMSF) to invest in property must ensure they are appropriately licensed to provide the

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ABN AMRO Clearing Sydney Pty Ltd pays $130,000 infringement notice penalty

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ABN AMRO Clearing Sydney Pty Ltd (“ABN AMRO”) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). On

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ASIC set to burn the churn

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The Australian Securities and Investments Commission (ASIC) will analyse life company records in order to find advisers who churn, according to Claire Wivell Plater, Managing Director of The Fold Legal.

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Son of Wallis to set a benchmark for financial services

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The Son of Wallis inquiry will be a once in a generation opportunity to reposition Australia’s financial services industry for future growth and to set in train the right structure

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Former Bell Potter adviser jailed for dishonest conduct after Crown appeal

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 A former Bell Potter Securities adviser who pleaded guilty to dishonest conduct involving more than $1.7 million has had his original suspended sentence quashed and been jailed for one year

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CFP certification bodies gather in Sydney to develop strategy to lead the financial planning profession

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Financial Planning Association of Australia to host professional bodies from 24 territories representing 150,000 CFP professionals Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification

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ASIC releases further guidance on hedge fund disclosure

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ASIC has today refined the definition of a hedge fund to ensure our disclosure requirements are appropriately targeted at those funds that pose more complex risks to investors. Following extensive

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Sonray director pleads guilty to seven charges after $46 million collapse

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Mr Russell Andrew Johnson, the sole director of Sonray Capital Markets Pty Ltd (Sonray), yesterday pleaded guilty in the Supreme Court of Victoria to seven criminal charges brought by ASIC.

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SPAA welcomes ASIC SMSF Consultation Paper

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The SMSF Professionals’ Association of Australian (SPAA) welcomed the release of a consultation paper by ASIC on SMSF disclosure requirements and costs. SPAA CEO Andrea Slattery said SPAA said: “The

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