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Regulation

regulation

01 October 2015 • By • 1 min read

Draft legislation to combat lost super

The federal government has released draft legislation aimed at reducing the incidence of lost and inactive superannuation accounts. The exposure ...

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ASIC cancels Dunfo Capital licence

ASIC has cancelled the Australian financial services licence of wholesale service provider Dunfo Capital. Dunfo Capital has had its Australian ...

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ASIC sets up robo-advice taskforce

ASIC has established an internal task force dedicated to examining the issues associated with robo-advice.   The robo-advice task force will be ...

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Stockbroker DJ Carmichael fined $300,000

Western Australian stockbroking firm DJ Carmichael has paid a $300,000 infringement notice penalty for "creating a false or misleading appearance with ...

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Fed making a 'mistake' on rates, says AB

The US Federal Reserve has made a mistake by leaving interest rates on hold in September, echoing its decision not to taper its bond purchasing ...

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Banks must look beyond capital levels: APRA

APRA chairman Wayne Byres has warned the big four banks that simply holding "plenty of capital" will not be enough for the prudential regulator to ...

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ASIC moves to wind up Avestra AM

The corporate regulator has commenced proceedings in the Federal Court of Australia to have Avestra Asset Management (Avestra AM) wound up

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ASIC warns super trustees on compliance

ASIC has indicated that compliance by responsible entities and superannuation trustees needs to be improved, particularly in areas such as processes ...

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ATO warns on SuperStream compliance

The Australian Taxation Office has warned Australian businesses that time is running out to comply with the new electronic super contributions regime

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Medcraft pushes for product intervention powers

ASIC chairman Greg Medcraft has restated the case for product intervention powers for the corporate regulator, as recommended by the Financial System ...

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