News : Regulation

Cautious approach needed for new regulatory body

February 14, 2019

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.

read more

Financial Planning, Regulation

SuperConcepts flags RC impacts on SMSFs

February 13, 2019

Malavika Santhebennur

SuperConcepts has outlined how six recommendations from the banking royal commission will affect SMSFs.

read more

Regulation

Bill to expand SMSF size tabled

February 13, 2019

Jason Spits

SMSFs will be able to service up to six members by mid-year under legislation introduced into Parliament today.

read more

Regulation, Strategy, Superannuation

Franking credit policy planning already underway

February 12, 2019

Malavika Santhebennur

Trustees and their advisers are considering various strategies to minimise the impact of Labor’s proposed franking dividend policy.

read more

Platforms, Regulation

Cashwerkz value strengthens post royal commission

February 12, 2019

Darin Tyson-Chan

A cash investing service provider believes the banking royal commission has improved its value to financial advisers and their SMSF clients.

read more

Regulation

Stalled legislation should trump royal commission

February 12, 2019

Jason Spits

The banking royal commission recommendations should not be rushed through Parliament, which still has to deal with stalled legislation, claims the FSC.

read more

Regulation, Retirement

Franking credit campaign ‘misrepresentations’ addressed

February 11, 2019

Jason Spits

The head of Wilson Asset Management has rejected claims he has formal ties to Liberal MP Tim Wilson, despite both campaigning against the removal of franking credit refunds.

read more

Regulation

Compensation scheme of last resort praised

February 11, 2019

Darin Tyson-Chan

A major SMSF administration service provider has lauded the banking royal commission’s recommendation for a compensation scheme of last resort.

read more

Accounting, Regulation

Time to review licensing necessity

February 7, 2019

Malavika Santhebennur

The head of an industry body has recommended accountants review their service propositions to determine if operating under a licence and complying with FASEA are necessary.

read more

Education, Regulation

FASEA tweaks questions in finalised adviser exam

February 6, 2019

Jason Spits

Changes to questions relating to tax and the length of reading time are the only adjustments made by FASEA in its finalised adviser Examination Standard.

read more