Financial services industry must move on from regulation − FSC-DST CEO Report

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The financial services industry must focus on innovation to drive productivity and economic growth, John Brogden, CEO of the Financial Services Council said yesterday. Speaking at the launch of the 14th annual FSC-DST CEO Survey Mr Brogden said over the past three years the financial services industry has focused nearly one hundred per cent of its time and […]

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Australia’s ‘Year of Uncertainty’ weighs heavily on business

Banking & finance sector struggling to find clarity in murky regulatory waters It seems that forewarned is far from forearmed for Australian organisations, which have ranked uncertainty due to regulatory change as one of their ‘top three’ risk concerns. And for the banking and finance sector, regulatory risk is the number one worry, ranking even […]

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Leadership is the key to business growth

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And now for something entirely different! I know this is a weird way to start a column in a financial planners website but with our industry under challenge from the Federal Government and with uncertainty reigning, the same old same old is totally inappropriate. And that’s why I maintain that regulation won’t lift our collective reputation and our individual […]

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ASIC obtains orders to wind up York Capital Limited

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ASIC has obtained orders in the Federal Court of Australia to wind up York Capital Limited (York) following the company’s failure to lodge its financial reports and hold annual general meetings for the past three years. On 29 June 2011, the Federal Court of Australia ordered that York be wound up and appointed Mr Paul […]

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Deferred date for new tax treatments for managed investment trusts

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Last year, the government announced a new tax system for managed investment trusts (MITs) that will reduce complexity, increase certainty and minimise compliance costs for MITs and their investors.  In April, a further announcement was made to defer the start date of the new laws from 1 July 2011 to 1 July 2012.  The government […]

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Australia sets the standard in ETF regulation

BetaShares Capital Ltd (BetaShares), one of Australia’s leading exchange traded fund (ETF) providers, says Australia is leading the way with best practice standards for regulating ETFs that are designed to ensure Australia avoids issues raised in the recent Bank for International Settlements (BIS) paper on the risk of ETFs. Some of the key issues highlighted […]

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A Short Morality Play – The Triway Super Case

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A recent decision of the AAT has highlighted certain basic rules when operating an SMSF. The facts of the case are very straightforward. A couple, at the urging of their son, established a self managed superannuation fund to which they subsequently rolled over their various super accounts.  All three were members and trustees of the […]

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AFA campaign gains traction; meeting with Independents

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AFA meets with independent MPs – Grass roots political campaign paying off, but now is not the time for complacency After meeting with key independent politicians in Canberra this week, the Association of Financial Advisers (AFA) can confirm that the concerns of financial advisers in relation to the Future of Financial Advice (FOFA) reforms are […]

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AFA and Guardian Financial Planning join forces for a stronger FOFA voice

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Suncorp-owned dealer group Guardian Financial Planning announced today that the group has formed a partnership with the Association of Financial Advisers (AFA), joining the AFA’s Licensee Partnership Program.The partnership puts Guardian on the front foot with Government to fight for the rights of advisers in the light of the FoFA (Future of Financial Advice) reform package announced on […]

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