News : Compliance

ASIC, Compliance

ASIC clarifies litigation strategy

ASIC has detailed how its enforcement activities will operate, highlighting that while litigation was an option, other enforcement actions were also in use.

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ATO, Compliance

Care needed over contribution refunds

POpening wallet to pay a refund

Following the prescribed legal manner as to how to refund a contribution made or accepted in error is critical from a compliance perspective.

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Compliance, Strategy

Six members may require corporate trustee

Having a corporate trustee may be the only solution for some SMSFs wanting to increase the number of fund members to the maximum of six.

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Accounting, Compliance, Platforms

Advice firm offers licensees new compliance solution

A Victorian advice firm has teamed with a large-scale software developer to offer advice groups a new compliance system.

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Administration, Compliance, Platforms

Migration main focus for SuperConcepts

New SuperConcepts chief executive Adrian Urquhart has nominated service consolidation and growth as his key priorities.

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Compliance, Education, Regulation

FASEA ethics will overrule licensee obligations

Advisers will be required to consider client best interests ahead of licensee obligations when making ethical decisions.

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Compliance, Investments, Regulation

Sharper record-keeping focus tipped

Advisers and accountants can expect increased scrutiny of the record-keeping for the advice they provide to SMSF clients over the next three years, a compliance expert has warned.

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Compliance, Regulation

Cautious approach needed for new regulatory body

The banking royal commission’s recommendation for a new regulatory body overseeing the activities of the Australian Securities and Investments Commission and Australian Prudential Regulation Authority has been cautiously endorsed by an accounting body.

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Compliance, Education

FASEA releases final Code of Ethics Standard

The body tasked with overseeing adviser education and professionalism has released the final of seven standards, publishing its finalised code of ethics.

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Compliance

Ethical practices more than just good behaviour

Ethical practices in financial services will need to come from an inherent culture and not a set of arbitrary standards according to leading ethicist.

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