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FPA supports strengthening penalties for unlicensed operators

  The Financial Planning Association of Australia (FPA) has submitted recommendations to the ASIC Enforcement Review to increase the proposed penalty for unlicensed operators, to support the professionalisation of the financial planning profession. The FPA in principle supports the ASIC Enforcement Review’s Positions Paper 7, entitled “Strengthening Penalties for Corporate and Financial Sector Misconduct”. The […]
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First home super saver and downsizer legislation passed

In a pre-Christmas boost for savers the First Home Super Saver Scheme legislation was finalised by parliament on Thursday [7 December 2017]. Leading superannuation expert Dixon Advisory has welcomed the passing of the legislation, which will help first home buyers to build a home deposit through the super system. “Property prices remain high in many […]
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Australian fintech industry welcomes anti-money laundering moves

Australian fintech industry welcomes passage of anti-money laundering legislation for digital currencies Australia is set to further grow its world-leading blockchain and digital currency industry following the Australian Parliament’s approval of anti-money laundering legislation last night, according to Australian fintech leaders. The Australian Senate passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital […]
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Turnbull Government and dispute resolution

The Turnbull Government has announced that Treasury will review the current rules governing early release of superannuation on grounds of severe financial hardship and compassionate grounds. It will also review whether, and the circumstances in which, superannuation assets should be available to pay compensation or restitution to victims of crime. The Minister for Revenue and […]
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