Search Result
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Our feedback to Treasury’s issues paper ‘Quality of Advice Review’
10 Jun 2022Email: [email protected] Dear Ms Levy, RE: Quality of advice review – issues paper Thank you for the opportunity to provide feedback on Treasury’s issues paper Quality of Advic
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Ongoing fee arrangements – consent, consent, consent
18 Nov 2024The 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 January 2025.[i]
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Ongoing Fee Arrangements – Frequently Asked Questions
07 Jul 2021We've received a few questions from clients about the new Ongoing Fee Arrangements (OFA), so our team of lawyers and consultants have teamed up to answer some of the most frequently asked qu
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New penalties for Unfair Contract Terms call for an immediate review of your Standard Form Contracts
09 Aug 2023On 9 November 2023, a substantial expansion of the unfair contract terms laws (the UCT laws) in the Australian Consumer Law (ACL) and the Australian Securities and Investments Commission Act
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New Breach Reporting Regime: as simple as assembling a springless trampoline
08 Dec 2020After browsing the recently-tabled 153-page Financial Sector Reform Bill, I was struck by the irony of Hayne’s comments in his Interim Report: Should the existing law be administered or enforced
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Modern slavery laws and their impact on the financial services industry
30 Aug 2019Readers may be forgiven for thinking that the practice of slavery is now only of historical interest – having been largely abolished in the 19th century. While that is true of what is calle
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Mismanaging client data can cost you! Lessons to be learned from Equifax
30 Jun 2019Note: This article was reviewed in 2025 Late 2018, UK based Equifax Ltd was issued with a penalty of 500,000GBP by the Information Commissioner (UK) (the Commissioner) in relation to a privacy br
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Managed investment schemes (MIS) and when they must be registered
01 Sep 2023The term “managed investment scheme” is often used but not always well understood. You might have come across the term while planning a new business venture which will involve attracting investo
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Licensing 101: The Fit and Proper requirement
10 Feb 2025When applying for an AFSL, applicants must be prepared to meet the fit and proper requirement – a test that assesses competence, financial soundness, legal compliance and moral character. ASIC wil
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Liability of a Responsible Manager – Who’s responsible when things go wrong?
06 Aug 2021The Responsible Manager (RM) of a licensee plays a key role under the financial services and credit licensing regimes. However, many RMs are concerned as to their responsibilities and lia