Articles by Penny Pryor

ASIC, Property

ASIC issues bans over NextGen actions

ASIC has banned two former directors of NextGen Financial Group in relation to the establishment of an SMSF for property investments.

ASIC has banned two former directors of NextGen Financial Group in relation to the establishment of an SMSF for property investments.

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ASIC, Auditing

ASIC acts against 36 SMSF auditors

There has been an increase in the number of SMSF auditors who have had action enforcement taken against them in the second half of 2025/26.

There has been an increase in the number of SMSF auditors who have had action enforcement taken against them in the second half of 2025/26.

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Artificial Intelligence, Tax

TPB releases AI guidance for members

The Tax Practitioners Board has released guidance to help members understand their responsibilities when it comes to AI use.

The Tax Practitioners Board has released guidance to help members understand their responsibilities when it comes to AI use.

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Platforms, Superannuation

SMC refutes switching justification

The Super Members Council has cautioned people to be wary of shifting their super onto a platform, given their overall poorer outcomes for members.

The Super Members Council has cautioned people to be wary of shifting their super onto a platform, given their overall poorer outcomes for members.

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Financial Advice, Financial Planning

Leadership and trust keys to success

Australian Mortgage and Financial Advisers has suggested advisers who focus on leadership and trust will be most likely to succeed.

Australian Mortgage and Financial Advisers has suggested advisers who focus on leadership and trust will be most likely to succeed.

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ASIC, Compliance, Financial Advice

Bans for two more former MWL advisers

Two more financial advisers who were authorised by MWL Financial Services have been banned for periods of three to five years.

Two more financial advisers who were authorised by MWL Financial Services have been banned for periods of three to five years.

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ASIC, Financial Advice, Financial Planning

Higher ASIC levy will jeopardise advisers

The FAAA is concerned the sector will be unable to service the 27 per cent increase per adviser in the annual ASIC levy for 2025/26.

The FAAA is concerned the sector will be unable to service the 27 per cent increase per adviser in the annual ASIC levy for 2025/26.

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FAAA, Financial Advice, Financial Planning

FAAA appoints new chair

TThe FAAA has appointed deputy chair and former AFA vice-president Michelle Veitch as its new chair to take effect in November.

The FAAA has appointed deputy chair and former AFA vice-president Michelle Veitch as its new chair to take effect in November.

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Financial Advice, Financial Planning

Future2 grant program open for 2026

The Future2 grant program, which lets financial professionals nominate community groups supporting financial well-being, has opened.

The Future2 grant program, which lets financial professionals nominate community groups supporting financial well-being, has opened.

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ASIC, Financial Advice, Financial Planning

ASIC advisory levies rise materially

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

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