News : Regulation

Regulation, Superannuation

Trustees maintain rage over franking credit policy

The House of Representatives Standing Committee on Economics public hearings into Labor’s planned changes to franking credit refunds have continued to invoke anger from SMSF trustees and self-funded retirees.

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Administration, Auditing, Regulation

Time runs out on three-year audit reform

SuperConcepts has suggested the government has run out of time to pass the controversial three-year audit cycle reform.

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ASIC, Regulation

ASIC sets up new enforcement arm following RC

ASIC has created a separate enforcement division as part of its response to the recommendations of the banking royal commission.

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ASIC, Regulation

ASIC appeals best interest duty court decision

ASIC will return to the Federal Court to lodge an appeal regarding a test case around the provision of personal advice.

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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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Financial Planning, Regulation

SuperConcepts flags RC impacts on SMSFs

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

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Regulation

Bill to expand SMSF size tabled

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

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Regulation, Strategy, Superannuation

Franking credit policy planning already underway

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

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Platforms, Regulation

Cashwerkz value strengthens post royal commission

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

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Regulation

Stalled legislation should trump royal commission

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

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