Australia's Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.
September 8, 2022Superannuation trustees would also be able to provide personal advice to their members, and have discretion to decide how to charge for such advice.
September 2, 2022Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.
September 1, 2022ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.
August 31, 2022The overall consultation timeline for Phase 2 of the Superannuation Data Transformation project is being extended from 9 months to 14 months.
August 30, 2022A report from Treasury says information about non-bank lending products as well as customer information should be subject to CDR data-sharing obligations.
August 29, 2022All insurers, banks and super fund trustees face liability risk if they do not disclose, address and manage the effects of climate change sufficiently.
August 26, 2022ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.
August 25, 2022In its latest corporate plan, APRA said its focus is to 'protect the community today' and ensure the financial system is 'prepared for tomorrow'.
August 15, 2022ASIC discovered issues with complaints recording, response timeframes, failures to inform complainants of delays, and process failures.
August 12, 2022