Through actual superannuation fund board experience, we are conscious of the need for our input to add real value.
Our team is among the most experienced in Australia. Our lawyers have experience across the financial services spectrum, including in relation to managed funds, superannuation, insurance, custody, registry and administration. Our deep understanding of the sector means we can deliver advice that is timely, practical and cost-effective, because we can anticipate not only the regulatory and technical issues that may arise, but also be mindful of the political and competitive environment.
06 November 2019 - Knowledge
The Australian Financial Complaints Authority is receiving an average 200 complaints per day from Australian consumers.
22 October 2019 - Knowledge
APRA has chosen not to appeal the Federal Court decision to dismiss its court action against IOOF, which alleged the wealth giant had failed to act in the best interests of its superannuation members, but is considering reshaping its super supervision.
08 October 2019 - Knowledge
The Australian Institute of Superannuation Trustees (AIST) welcomes today’s release of a review of the funding of financial counselling services, which recognises the valuable service of the valuable service provided by financial counsellors all around Australia.
25 September 2019 - Knowledge
The court has dismissed APRA’s application for a finding that IOOF entities, directors and executives had contravened their obligations under the Superannuation Industry Supervision Act 1993. Accordingly, the case cannot proceed to a hearing on penalties, including disqualification.
10 September 2019 - Knowledge
ASIC has cancelled the Australian financial services licence of Platinum Perpetual Global Private Wealth Pty Ltd, based in Perth (AFSL 508415). It is alleged by WAPF that the advisor misappropriated approximately $948,236.96 of clients’ funds without authority to do so.
26 August 2019 - Knowledge
ASIC is investigating the progress of transition away from grandfathered conflicted remuneration arrangements for financial advisers. The investigation will review the steps taken by industry participants from 1 July 2019 until the 2021 deadline.
12 August 2019 - Knowledge
Former employees and officers of superannuation funds and their service providers should be granted the same level of whistle-blower protections as those still working for funds, according to the Australian Institute of Superannuation Trustees (AIST).
31 July 2019 - Knowledge
The majority of Financial Standard's readership agrees the calculation of deeming rates should be appointed to an external, independent body.
15 July 2019 - Knowledge
Over 50 financial services and credit licensees have had their licenses formally suspended or cancelled by the Australian Securities and Investments Commission (ASIC) after failing to obtain membership of the Australian Financial Complaints Authority (AFCA).
26 June 2019 - Knowledge
#Corporate & Commercial Law, #Competition & Consumer Law, #Workplace Relations & Safety, #Procurement, #Construction & Infrastructure, #Technology, Media & Telecommunications, #Superannuation, Funds Management & Financial Services
As the new financial year rapidly approaches, we outline the key changes that take effect from 1 July 2019 – as well as in the coming months - and discuss what you can do to best prepare for them.
17 June 2019 - Knowledge
The Australian Prudential Regulation Authority (APRA) has imposed new conditions on AMP Limited’s superannuation businesses including board renewal and the removal of conflicts of interest