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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...

Dealing with design and distribution obligations

It’s a wonder that financial advisers have much time to actually provide advice to their clients in 2021. Following a whirlwind of regulatory changes,...

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,...

CSLR, adviser levy the latest hit to advice industry

Another week, another gut punch for the financial advice industry. With the exodus of financial advisers from the industry showing no signs of slowing, the...

FASEA exam extended nine months*, waiting period waived

The Federal Government’s sympathy for the under-pressure financial advice industry was exhibited once again this week, with Jane Hume, the Minister for...

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...

Aussie Super prompts more Bragg ire over New Daily

Industry fund-owned ‘The New Daily’ is once again in political hot water after a controversial deal with AustralianSuper to auto-subscribe 800,000...