News

Opposition slams FASEA as failure

May 24, 2021

Labor’s Stephen Jones has said the government’s claim it has regained authority over the functions of FASEA is evidence of its failure and the policies that created it.

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Contributions, Superannuation

Downsizer timing now more important

May 20, 2021

Darin Tyson-Chan

The timing of downsizer provisions contained in this year’s budget will take on more significance from 1 July 2022.

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FASEA, Regulation

Govt reclaims authority with FASEA move

May 20, 2021

Tia Thomas

The transfer of the FASEA regime back under government control represents the restoration of parliamentary authority, a senior minister has said.

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Financial Planning, Regulation

Advice regulations decades out of date

May 20, 2021

Jason Spits

The regulations for financial advice are based on products and issues from 20 years ago which has driven up the current cost and complexity of advice for consumers.

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ASIC

ASIC seeking conflicted remuneration penalty

May 20, 2021

Tia Thomas

ASIC has begun a civil penalty action against an SMSF group over conflicted remuneration payments tied to the recommendation and acquisition of property.

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ASIC

Ex-van Eyk Research head faces court

May 20, 2021

Jason Spits

Seven years after van Eyk Research’s closure, ASIC has brought legal action against its former CEO, alleging he used his position to dishonestly gain an advantage for himself.

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Retirement, Superannuation

Retiree cost of living rises marginally

May 20, 2021

Jason Spits

The cost of a comfortable retirement increased slightly in the March quarter, with retirees spending more money on their homes and entertainment as COVID-19 restrictions eased.

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Retirement, Superannuation

New residency rules lack precision

May 19, 2021

Darin Tyson-Chan

Changes to residency rules announced in last week’s federal budget may not eliminate harsh outcomes resulting from breaches of the law covering this area.

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Property