Australia’s managed funds industry is an important and dynamic part of Australia’s economy and one of the largest in the world. In this discussion paper, the Board of Taxation reviews the tax arrangements applying to managed investment trusts and assesses options for introducing a specific tax regime that would reduce complexity, increase certainty and minimise compliance costs.
Friday, 19 September 2008 12:11
ASIC has proposed raising the cap on compensation that can be awarded by an external dispute resolution (EDR) scheme to $280,000, and allowing consumers with a complaint that exceeds a scheme’s compensation cap to waive the excess to access the scheme.
Read more: ASIC consultation paper 102: Dispute resolution – review of RG 139 and RG 165
Monday, 04 August 2008 11:29
In this speech, Senator Nick Sherry, Minister for Superannuation and Corporate Law, expresses his support for fee-for-service and outlines the government’s priorities relevant to the financial planning industry.
