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Extra costs for disciplinary body could be ‘substantial’

Extra costs for disciplinary body could be ‘substantial’

by Shared by Independent Financial Adviser | May 18, 2021 | News

AFA acting chief executive Phil Anderson told ifa the disciplinary system proposed by the government under its draft legislation released last month would see ASIC required to convene its Financial Services and Credit Panel (FSCP) for all levels of breach of an...
Budget spending cuts likely once COVID recovery complete, Treasury secretary admits

Budget spending cuts likely once COVID recovery complete, Treasury secretary admits

by Shared by ABC News | May 18, 2021 | News

Speaking to an Australian Business Economists lunch in Sydney, Dr Steven Kennedy threw his support behind the government’s tax cap, which aims to limit revenue collections to 23.9 per cent of the economy’s annual output (GDP).Read more at ABC News
Professor John Pollaers takes over from Helen Coonan as AFCA Independent Chair

Professor John Pollaers takes over from Helen Coonan as AFCA Independent Chair

by Karen Tan | May 17, 2021 | News

The board of directors announced the appointment, that follows the term of office of AFCA’s inaugural chair, filled by Helen Coonan. Professor Pollaers’ experience and background is impressive. He is chancellor of Swinburne University of Technology, chairman of the...
How ‘nice guy’ financial advisor nearly cost Shevonne $200k

How ‘nice guy’ financial advisor nearly cost Shevonne $200k

by Shared by Yahoo! Finance | May 17, 2021 | News

However, presenter and writer Shevonne Hunt has a warning for Australians: it’s not always that simple. Read more at Yahoo Finance.
ASIC sounds alert on scams targeting SMSFs

ASIC sounds alert on scams targeting SMSFs

by Shared by SMSF Adviser | May 17, 2021 | News

ASIC said it has been aware of scammers persuading investors to establish an SMSF fund and transfer their superannuation balances. Read more at SMSF Adviser
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