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.
08 April 2019 - Knowledge
The Coalition Government is providing expanded access to redress for consumers and small businesses harmed by financial misconduct, as we continue to take action on all 76 recommendations in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
25 March 2019 - Knowledge
A report by the Council of Financial Regulators (CFR) and the Australian Taxation Office (ATO) has found that assets held by self-managed superannuation funds (SMSFs) under 'limited recourse borrowing arrangements' (LRBAs) are unlikely to pose systemic risk to the financial system at this time
12 March 2019 - Knowledge
ASIC has acted to disqualify, suspend or add conditions to the registration of a number of auditors of self-managed superannuation funds (SMSFs). The actions arose following ASIC concerns about audit quality, independence issues, and failures to meet the fit and proper person criteria or other matters
25 February 2019 - Knowledge
It is imperative that Government puts the process of legislating the objective of superannuation back on the agenda in 2019. By legislating the objective of superannuation, it would help drive effective policy and the role of all superannuation funds, industry, retail and SMSFs, especially in anticipation of these legislative recommendations
11 February 2019 - Knowledge
The Coalition Government has agreed to take action on all 76 recommendations contained in the Royal Commission’s Final Report and, in a number of important areas, is going further, including conducting an immediate review of financial counselling services
29 January 2019 - Knowledge
An SMSF accountant has been charged with multiple counts of criminal conduct and fraud after misusing investor funds, and making false and misleading statements to investors.
14 January 2019 - Knowledge
Financial planners are facing a total ban on trailing commissions attaching to superannuation advice under recommendations contained in the Productivity Commission’s final report on the competitiveness and efficiency of the superannuation industry.
04 December 2018 - Knowledge
The Australian Prudential Regulation Authority has been powerless in enforcing honest behaviour by superannuation funds because it does not have the legislative muscle to enforce it, the financial services royal commission has heard.
19 November 2018 - Knowledge
The government made the announcement that more than $51 million would be given to pursue criminal prosecutions for financial misconduct. The Treasurer said the fund would be able to implement the findings of the commission and also act as a deterrent to misconduct in the financial services.
05 November 2018 - Knowledge
If the Government wishes the Insurance in Superannuation Voluntary Code of Practice to become mandatory it has the ability to legislate the outcome, according to the Association of Superannuation Funds of Australia (ASFA).
24 October 2018 - Knowledge
The corporate and prudential regulators have become culturally and intellectually captured by the banks and should be made to answer to a UK-style financial oversight committee, a forthcoming Federal Law Review paper argues.
09 October 2018 - Knowledge
Australians aged 65 to 74 with superannuation balances under $300,000, under new draft legislation, will be able to make voluntary super contributions for 12 months from the end of the financial year in which they last met the work test.