The federal Treasury is seeking stakeholder submissions on a Consultation Paper prepared as part of a Post Implementation Review (PIR) of five measures enacted as part of the Future of Financial Advice reforms.
Financial Services Minister, Kelly O’Dwyer, has introduced legislation into Parliament to mandate professional standards for financial advisers.
Minister for Financial Services and Revenue Kelly O’Dwyer has announced new measures that will require the large banks and AMP to fund the establishment of an independent body to oversee the professional standing of the financial services industry.
The Senate has passed the Government’s latest legislation on the regulation of financial advisers with Labor support.
The national charity regulator, the Australian Charities and Not-for-profits Commission (ACNC) says it is contacting thousands of charities that have made significant errors in their financial reporting.
The Financial System Inquiry has recommended major changes in the financial advice industry, including giving a stronger role to the Australian Securities and Investments Commission (ASIC).
The Senate in October 2014 passed the Government’s changes to financial advice laws with the support of the cross-benchers.
Treasury has published draft legislation for the Government’s proposed enhanced register of financial advisers, beginning a public consultation process that will run until December 17.
The Senate has passed the Government’s changes to financial advice laws with the support of the cross-benchers.
The Government expects a report on the establishment of an “enhanced” public register of financial advisers by mid-August.
The Commonwealth Bank of Australia (CBA) has commissioned former High Court judge Ian Callinan to chair an independent review panel.
Financial Advice: Key findings of the inquiry into ASIC and Commonwealth Financial Planning - 4 July
The Senate Economics Committee found that, ASIC had limited resources available to it but was highly critical of the way the regulator used them.
A Senate committee report has strongly criticised the Commonwealth Bank of Australia (CBA) and the Australian Securities and Investments Commission (ASIC).
The Australian Securities and Investments Commission (ASIC) has imposed strict conditions on the licences of two financial planning businesses owned by the Commonwealth Bank of Australia (CBA).