Search Result
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Launching a new financial product in 2025? Don’t forget to do these things…
04 Nov 2024Launching 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. Wind the clock back to before
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Keeping your AML/CTF Program up-to-date
01 Apr 2021Outsourcing KYC obligations If you are bound by the Australian Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation[1], (that is, you are a “reporting entity”), you must ha
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It’s time to dust off your conflicts of interest policy
27 Jan 2025In 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
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Is the end coming for the Sophisticated Investor?
17 Jan 2025The 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 inc
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Is AI a threat or opportunity for Australian Financial Services and Australian Credit Licensees, today?
01 Jun 2024For the time poor readers, here’s the TL;DR. Artificial Intelligence (AI) presents unique regulatory and other risks that need to be managed. The law in Australia today applies to AI, but regula
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Insurance commission consent – conflicted remuneration escape hatch
25 Nov 2024Licensees 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 commis
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Increased Competition Scrutiny in the Financial Services Sector by the ACCC
02 Mar 2021The role of the ACCC in the financial services sector has grown since the last time we explored its involvement back in 2012. Review of the Financial Services Sector Productivity Commission’s Inqu
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I’m in Financial Services, but why do I need a Financial Services Lawyer?
07 Feb 2022If you’re lucky, you haven’t needed the services of a lawyer much. You’ve managed to stay clear of conflict. Or if not, you’ve sorted it out without fronting a court or tribunal. If you
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I’m a Responsible Manager. What does this mean?
15 Apr 2020We regularly train Responsible Managers (“RMs”) of AFS licensees to help them better understand their role. Many RMs are curious to know what they have to do and whether they are personally ex
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I Want to Buy an AFSL
12 Oct 2020“Do you have an AFSL that we can buy?” This is a regular query that we receive which results in a lengthy response. Buying an Australian Financial Services Licence (AFSL) is not a s