Financial advisers can give scaled advice under FOFA reforms but they will need to carefully meet four key requirements.
ASX proposals will reduce the timetables for traditional rights issues and various accelerated rights issue structures.
Proposed amendments to the Corporations Act will restrict the expressions "financial planner" and "financial adviser".
The newsletter includes links to media releases, cases and legislation relating to superannuation & funds management.
Continuous disclosure is again attracting attention with recent amendments to the Listing Rules and a new Guidance Note.
APRA has released for consultation a second set of draft prudential practice guides (PPGs) for superannuation funds.
The newsletter includes links to media releases, submissions and cases in relation to superannuation & funds management.
The Government has released measures to introduce derivatives reporting and clearing arrangements for the OTC market.
Treasury is conducting a review of requirements under the Credit Act and has recently issued a discussion paper.
APRA released a second consultation package updating its implementation of the Basel III liquidity reforms in Australia.
From 1 July 2013, administrative penalties automatically apply to various trustee breaches under the SIS legislation.
Government convened a POS working group to review the exemption granted to retailers involved in POS finance activities.
The draft regulations provide details to effect changes contained in the 4 tranches of the Stronger Super legislation.
Deferral of the abolition of the duty may be deemed necessary to fund a deal to implement the Gonski education reforms.
2013 is shaping up to be a major year for reforms and consultations in the Financial Services sector.
The Government released Exposure Draft (ED) legislation to implement the third element of the IMR earlier this month.
One of the areas targeted by these new reforms is the investment management function of superannuation fund trustees.
Conflicts of interest compliance frameworks should be reviewed to ensure compliance with changes brought in by FOFA.
Members of SMSFs risk compliance issues for their fund if they do not have a valid enduring power of attorney in place.
The CR Code will replace the existing Credit Reporting Code of Conduct to form part of the privacy protection regime.