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.
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.
24 September 2018 - Knowledge
ASIC has extended to 30 September 2019 licensing relief for foreign financial services providers (FFSPs) to allow them to provide financial services to Australian wholesale clients without needing to hold an Australian financial services licence.
10 September 2018 - Knowledge
The role of the financial adviser is changing due to increased client expectations and technological advances, Macquarie said in its 2018 Accounting and Financial Services Benchmarking Report.
27 August 2018 - Knowledge
The Minister for Revenue and Financial Services has launched the 2018 National Financial Capability Strategy at an event at Parliament House in Canberra. The 2018 National Financial Capability Strategy was formed from a consultation process that included over 145 submissions from stakeholders and replaces the 2014-2017 National Financial Literacy Strategy.
15 August 2018 - Knowledge
Vertically-integrated structures and their impact on bank-owned superannuation structures have been heavily scrutinised in hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
01 August 2018 - Knowledge
Industry superannuation funds should not be required to cross-subsidise financial planners and others who appear before the newly-constituted Australian Financial Complaints Authority (AFCA), according to the Australian Institute of Superannuation Trustees (AIST).
18 July 2018 - Knowledge
The Federal Government’s move make insurance inside superannuation “opt-in” for under 25s is too broad and could leave millions of Australians excluded from default insurance, according to Industry Super Australia.
04 July 2018 - Knowledge
A summary of the latest issues and updates in the Superannuation, Funds Management & Financial Services industry. In the media: SMSF advice needs significant improvement: Around 90% of financial advice on setting up a self-managed super fund (SMSF) did not comply with relevant laws, a review by the Australian Securities and Investments Commission (ASIC) has found.