Australia
State Capital, Sovereign Wealth Funds and the Future Fund - III
Financial Services Council Will Not Support Amendments To Future of Financial Advice Amendments
The Financial Services Council has announced that it will not support the amendments to the Future of Financial Advice (“FOFA”) legislation as the Bill failed to provided certainty for consumers and financial advisers.
Originally Published:
Thursday, March 22, 2012
Parliamentary Joint Committee on Corporations and Financial Services: Inquiry Into Financial Products and Services in Australia ("Ripoll Report")
In this Report, the Parliamentary Joint Committee on Corporations and Financial Services made 11 recommendations aimed at enhancing both professionalism in the financial advice sector, and consumer confidence and protection.
Originally Published:
Monday, November 23, 2009
Exposure Draft - Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011
The exposure draft and explanatory material form the second and final tranche of draft legislation on the FOFA reforms.
Originally Published:
Wednesday, September 28, 2011
Exposure Draft - Corporations Amendment (Future of Financial Advice) Bill 2011
The exposure draft provides the legislative detail around key FOFA measures, including the statutory best interests duty, compulsory renewal requirement (opt-in), and the enhancement of ASIC’s powers.
Originally Published:
Monday, August 29, 2011
Australian Treasury Releases Consultation Paper on Compensation Arrangements for Consumers of Financial Services
As part of the Future of Financial Advice reforms announced on 26 April 2010, a consultation paper has been released which provides information, frames issues and raises questions on the need for, and costs and benefits of, a statutory compensation scheme for clients who suffer damage or incur loss
Originally Published:
Friday, April 1, 2011
Australian Treasury Releases Wholesale and Retail Clients Options Paper
The Government seeks the views of interested parties on the options presented in this paper for the criterion under which a client is considered to be wholesale or retail in the context of the receipt of financial advice.
Originally Published:
Saturday, January 1, 2011
ASIC Report on Access To Financial Advice in Australia
Between 2009 and 2010, the Australian Securities and Investments Commission conducted research into the demand and supply of financial advice in Australia.
Originally Published:
Wednesday, December 1, 2010
After the Deluge: Rebuilding Trust and Confidence in the Financial Planning Industry
This Report, prepared by Justin O'Brien of the University of New South Wales and commissioned by the Financial Planning Association, evaluates the recommendations put forward by the Ripoll Report.
Originally Published:
Thursday, March 18, 2010