ASIC issued a warning to AFS licensees with a financial year ending 30 June 2016 who are required to lodge their profit and loss statements and the balance sheets by 31 October 2016. ASIC advised that since November 2015, it has cancelled three AFS advice licences and...
The Privacy Amendment (Notifiable Data Breaches) Bill 2016 (“Privacy Data Breaches Bill”) has been introduced to Parliament and is currently before the House of Representatives. The Privacy Data Breaches Bill implements recommendations of: the...
ASIC has released Life insurance claims: An industry review ASIC Report 498 which has significant implications for whole insurance industry and should be considered carefully to ensure ASIC’s concerns are properly addressed. Despite the high life insurance average...
BACKGROUND Today the Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, announced that the Turnbull Government will introduce legislation into the Parliament this year to mandate professional standards for financial advisers. This follows the...
The terms of reference for the independent review into the financial system’s external dispute resolution and complaints framework have been released by Minister for Revenue and Financial Services, Kelly O’Dwyer MP. The role, powers, governance and accountability of...
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