Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
ALRC seeks to reduce 'undue complexity' in financial services laws
“Undue complexity”. “Byzantine complexity”. “Elephantine proportions”. These are just a few of the superlatives used to...
Adviser complaints continue to fall
It was a busy week for the now three-year-old Australian Financial Complaints Authority (AFCA). Among the most important institutions in the financial advisery...
Industry fund transparency push to level the playing field
There was both despair and positivity when the much-anticipated changes to the transparency of industry super fund proposals was released recently. Both 2020...
Standard 3 review the last order of business for FASEA
The soon-to-be-disbanded Financial Adviser Standards and Ethics Authority (FASEA) is finishing its reign with a flurry, announcing a review of the much-derided...
Two-stage registration for advisers
The recently passed Better Advice Act is still being filtered through both the regulator and the industry in general, but more specifics are quickly becoming...
Associations called on to fill FSCP review body
After an incredibly busy few months for the financial advice industry, the regulatory structure and single disciplinary body is beginning to take shape. The...
Better Advice Bill changes enter consultation
Exposure draft legislation for the long-awaited Better Advice Bill was released this week, with advisers gaining greater certainty into the future of the...
Finfluencer days may be numbered as ASIC steps in
If you’re thinking of hiring an ultra-cool “finfluencer” to help redirect social media traffic to your website or to spruik your products or...
Adviser levy relief delivered by Frydenberg
Some positive news was delivered to the financial advice industry this week with the ASIC Supervisory Levy to be reduced to 2018-19 levels. The announcement...
Adviser associations band together
Eight of Australia’s largest financial advice industry associations have joined forces to oppose the design of the compensation scheme of last resort,...
Another step forward for the simplification of advice regulation
The Federal Government has quietly passed several previously flagged changes to the financial advice industry. The majority appear to be a positive step in the...