The Australian Prudential Regulation Authority (APRA) has released a response letter and two prudential practice guides for superannuation trustees in the areas of contribution and benefit accrual standards, and payment standards.

ASIC has accepted an enforceable undertaking (EU) from former Commonwealth Financial Planning Limited employee, Mr Christopher Baker of Croydon, NSW, not to provide financial services in any capacity for a minimum of five years after he failed to meet various obligations as a financial adviser

ASIC has announced it has refined its proposals for market structure reform and issued a timetable for implementing the regulatory framework.

Financial services representative, Barry David Hassell, of Athelstone in Adelaide, South Australia, has offered an enforceable undertaking to ASIC to permanently refrain from providing financial services.