In the media
ASIC extends relief for foreign financial services
ASIC has extended to 30 September 2019 licensing relief for foreign financial services providers (FFSPs) to allow them to provide financial services to Australian wholesale clients without needing to hold an Australian financial services licence (21 September 2018). More...
Financial firms must join AFCA now
ASIC warns all Australian financial services licensees, Australian credit licensees, authorised credit representatives and superannuation trustees that they must join the Australian Financial Complaints Authority (AFCA) now if they have not already done so (20 September 2018). More...
Improving superannuation settings will lead to better
retirement outcomes for women
The Association of Superannuation Funds of Australia (ASFA) welcomes the Federal Opposition's announcement of a package of proposed reforms to improve retirement outcomes for women (19 September 2018). More...
Governance Institute: Regaining trust in a post royal
The victims at the heart of the cases raised at the Hayne royal commission might consider it an understatement to conclude there is a need for greater levels of professionalism in the financial services sector. Indeed, as the results of our recent Ethics Index show, there is much work to do if the financial services sector is to regain the trust of its customers (19 September 2018). More...
ASIC approves Australian Financial Complaints Authority
The Australian Securities and Investments Commission (ASIC) has approved the Australian Financial Complaints Authority (AFCA) Complaint Resolution Scheme Rules and the Terms of Reference of the AFCA Independent Assessor (IA) (12 September 2018). More...
In practice and courts
APRA: Review of the superannuation prudential
The aim of the review is to ensure the prudential and reporting standards, and related guidance, have achieved their objectives and continue to remain fit for purpose. To commence this review, APRA released the first of a series of consultation papers on aspects of the prudential framework. APRA invites written submissions on all consultation papers by 26 September 2018. Copies of the consultation papers released are available on APRA's website. More...
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