The Federal Court's decision in the Australian Securities and Investments Commission's (ASIC's) fee-for-no-service proceedings against certain licensees within the NAB Group highlights the principles to which a court will have regard in ... Read more

Regulatory Guide 272 Product Intervention Power (RG 272) sets out the score of the product intervention power, and explains how the Australian Securities and Investments Commission (ASIC) will use it, and how an intervention order will be made. Read more

Allens said at the outset of this pandemic that financial advice will play an important role in supporting members who are considering whether to access their superannuation early. Read more

This paper outlines changes to fees and costs disclosure requirements for superannuation products and collective investment products implemented by ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070 (Instrument 2019/1070) and as explained ... Read more

In February 2019, the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, (Final Report), led by the Hon Kenneth Hayne AC QC, was published, Shortly thereafter, the government published ... Read more

The design and distribution obligations (DADO) have commenced and must be implemented by April 2021. So what exactly do financial product developers and distributors need to be aware of? What metrics and other indicators need to be developed to monitor ... Read more

The implications of the recent Full Federal Court decision in ASIC v Westpac Securities Administration Limited [2019] FCAFC 187 (ASIC v Westpac) are far-reaching for the financial services industry. Read more

After many years of deferrals, the first reporting date for superannuation funds to disclose their portfolio holdings is fast approaching, with trustees being required to disclose item-by-item investment holdings (as at 31 December 2019) by late March ... Read more

On 16 July 2019, an expert panel chaired by Graeme Samuel published their Capability Review of the Australian Prudential Regulation Authority (APRA).1 Read more

As of 1 July 2019, potential whistleblowers across Australia enjoyed an added layer of statutory protections. Read more