asic

Industry

The two things ASIC doesn’t want to see from advisers

If the regulator extends its report into conflicts from the big five into smaller practices they’ll be focusing on the two requirements advisers commonly fail, a prominent lawyer says.

Tahn SharpeMarch 15, 2019

Regulation

ASIC targets advice for enforcement testing

ASIC was found to be ineffective at holding institutions to account on fees for no service by Commissioner Hayne, despite the work it did leading up to the royal commission.

Matthew SmithMarch 13, 2019

SMSF

ASIC signals SMSF identifier relief

The regulator has indicated that SMSFs with corporate trustees will get more time to sign up to new identifier requirements, three weeks before the new rule is due to kick in.

Tahn SharpeMarch 12, 2019

Regulation

‘The advice is good, the recordkeeping is bad’

A compliance expert has said that while the service advisers provide is often top notch, the regulator is cracking down on the incomplete paperwork behind it.

Tahn SharpeMarch 8, 2019

Regulation

ASIC going to tender on licensing tech

A senior adviser at the regulator explained some of the projects that will be paid for with the regtech war-chest, including a new licensing tool that will assist advisers seeking an AFSL.

Tahn SharpeMarch 7, 2019

Industry

IOOF reputation hinges on retaining ANZ advisers: researcher

IOOF’s ability to keep 670 ex-ANZ advisers on the books will be crucial to overcoming executive disqualifications and a bruising royal commission outcome, according to Morningstar.

Tahn SharpeMarch 6, 2019

SMSF

$500K SMSF minimum ‘completely arbitrary’

Industry heads roundly criticised the Productivity Commission’s $500,000 minimum SMSF benchmark, but were warned that if an agreement wasn’t reached a ‘blunt instrument’ would come.

Tahn SharpeFebruary 20, 2019

SMSF

Advisers should direct trustees to ATO courses: ASIC

The regulator says advisers should be encouraging would-be SMSF trustees to undertake ATO online training. The SMSF Association’s Liam Shorte agrees and says the sooner the better.

Tahn SharpeFebruary 19, 2019

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asic

Industry

The two things ASIC doesn’t want to see from advisers

Regulation

ASIC targets advice for enforcement testing

SMSF

ASIC signals SMSF identifier relief

Regulation

‘The advice is good, the recordkeeping is bad’

Regulation

ASIC going to tender on licensing tech

Industry

IOOF reputation hinges on retaining ANZ advisers: researcher

SMSF

$500K SMSF minimum ‘completely arbitrary’

SMSF

Advisers should direct trustees to ATO courses: ASIC

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