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Section 30 and Section 33 Notices – ASIC’s Power to Compel Production of Books
05 Apr 2024
Rachel Erlich
Special CounselThe Australian Securities and Investments Act 2001 (ASIC Act) gives ASIC the power to issue section 30 and section 33 notices compelling the production of certain books. Section 30 and…...
Read moreChanges to AML/CTF – what does it mean for current reporting entities?
08 Jun 2024
Naomi Fink
Special CounselApproximately 17 years after the introduction of the Australian AML/CTF regime, the government has embarked on the much-anticipated process of expanding the reach of the regime to a number of…...
Read moreFSG relief – what’s in it for me?
29 Oct 2024
Samantha Hills
PartnerFrom 10 July 2024, advice licensees and their corporate authorised representatives (CARs) and Authorised Representatives (ARs) have been able to take advantage of modest relief in relation to Financial Services…...
Read moreLaunching a new financial product in 2025? Don’t forget to do these things…
04 Nov 2024
Michael Mavromatis
PartnerLaunching a new financial product has never been easy, but today, the list of factors you need to take into account makes it a more complex exercise than ever before.…...
Read moreConflicted remuneration – rearranging the shelves
12 Nov 2024
Samantha Hills
PartnerThe DBFO Act has clarified the conflicted remuneration provisions, with the changes having taken effect from 10 July 2024. Before I explain this, be warned that there were two other…...
Read moreOngoing fee arrangements – consent, consent, consent
18 Nov 2024
Samantha Hills
PartnerThe big-ticket item for advice licensees resulting from the DBFO Act is the changes made to ongoing fee arrangements (OFAs). New provisions relating to OFAs come into effect from 10…...
Read moreInsurance commission consent – conflicted remuneration escape hatch
25 Nov 2024
Samantha Hills
PartnerLicensees who provide financial product advice in relation to general insurance, life insurance or consumer credit insurance will be familiar with the exemption from conflicted remuneration for commissions on these…...
Read moreAdvice fees from super – important changes for advice licensees
04 Dec 2024
Samantha Hills
PartnerIt pays to understand super trustees’ obligations as modified by the DBFO Act when it comes to advice fees. For an advice licensee, this will be useful when it comes…...
Read moreEfficiently, Honestly and Fairly – What does it mean?
10 Jan 2025
Grant Holley
Co-Founder & ConsultantI’d like some “Efficiently, Honestly and Fairly” please, with a dash of “community expectations” thrown in.[1] I would like to start with what is, I think, an unarguable proposition. No…...
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