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It’s time to dust off your conflicts of interest policy
27 Jan 2025
Josh Wigney
AssociateIn 2018, ASIC launched a crusade against poor financial advice. ASIC looked at how some of Australia’s larger banking and financial services institutions dealt with conflicts of interest between…...
Read moreCertified Wholesale – SMSFs and Accountant’s Certificates
21 Jan 2025
David Court
PartnerOne of the more popular methods used to treat investors as wholesale clients is through the use of accountant's certificates. Financial advisers and accountants need to be aware of…...
Read moreIs the end coming for the Sophisticated Investor?
17 Jan 2025
David Court
PartnerThe distinction between wholesale and retail clients is a fundamental part of the financial services laws. The continuing increase in retail client regulation over recent years and the increasing…...
Read moreDo I really need to do Responsible Manager (RM) Training?
16 Jan 2025
Samantha Hills
PartnerYou’re busy. You have a business to run and services to deliver. On top of that, your compliance consultant is saying you need to do Responsible Manager training. Is…...
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…...
Read moreASIC v HSBC: Is “adequacy” enough to manage cybersecurity risk?
20 Dec 2024
Jesse Vermiglio
PartnerWhile Optus and Medibank come to mind when we think of cyber incidents, ASIC is increasingly enforcing its regulatory priority of licensee failures to have adequate cyber-security protections. Think RI…...
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 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 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…...
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