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Future of financial advice reforms announced

  • Hall & Wilcox
  • -
  • Australia
  • -
  • April 29 2011

On 28 April 2011 the Federal Government issued a media release in which it provided further detail about the direction of the government's 'Future of Financial Advice' (FoFA) reforms

FOFA: review of the wholesale and retail clients definition

  • Hall & Wilcox
  • -
  • Australia
  • -
  • February 3 2011

On 24 January 2011, Treasury released an options paper titled "Wholesale and Retail Clients Future of Financial Advice" (Options Paper) as a part of its Future of Financial Advice (FOFA) reforms

New regulations enacted for Simplified PDSs

  • Hall & Wilcox
  • -
  • Australia
  • -
  • July 5 2010

Corporations Regulations 2001 (Cth) (Regulations) were amended on 15 June 2010 to establish a simplified product disclosure statements (Simplified PDS) regime for simple managed investment schemes, superannuation and margin lending products

Can foreign financial service providers operate in Australia?

  • Hall & Wilcox
  • -
  • Australia
  • -
  • December 18 2009

This article explores the requirement for foreign financial services providers (FFSP) to hold an Australian Financial Services Licence (AFSL) when operating a financial services business in Australia and sets out the various options available to FFSPs including various exemptions from the requirement to hold an AFSL

PJC releases financial services inquiry report

  • Hall & Wilcox
  • -
  • Australia
  • -
  • December 18 2009

The Parliamentary Joint Committee (Committee) on Corporations and Financial Services or the Ripoll Committee as it is popularly known, released its much anticipated report (Report) on its inquiry into financial products and services in Australia (Inquiry) on 23 November 2009