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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

New corporations regulation instalment warrants are financial products

  • Hall & Wilcox
  • -
  • Australia
  • -
  • June 22 2010

The Minister for Financial Services, Superannuation and Corporate Law has released draft regulations that will amend the Corporations Regulations to provide that: Limited recourse borrowing arrangements are financial products under Chapter 7 of the Corporations Act when acquired by superannuation funds which attract licensing and disclosure requirements

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