AFCA to fast-track COVID-19 related complaints

AFCA to fast-track COVID-19 related complaints

The Australian Financial Complaints Authority (AFCA) has modified its approach to dispute resolution to take into account all regulatory and legislative changes announced as part of Australia’s COVID-19 response. It confirmed that complaints about COVID-19 will be...
WA adviser banned for four years

WA adviser banned for four years

In a statement, ASIC said it had banned Anthony Hilsley, a former authorised representative of RI Advice, after he failed to comply with financial services laws including the best interest duty. Read more at the ifa. 
Super should be a last resort

Super should be a last resort

The Australian Institute of Superannuation Trustees’ (AIST) CEO Eva Scheerlinck has conceded that the organisation is “acutely aware of the significant upcoming need for a large number of members of our funds to be provided with income support due to the impacts of...
Coronavirus omnibus bill passes

Coronavirus omnibus bill passes

The Coronavirus Economic Response Package Omnibus Bill 2020 has now been introduced into Parliament and covers the government’s initial $17.6 billion economic stimulus package and its latest $66.1 billion support package. Read more at Accountants...