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Government enacts amendments clarifying aspects of FOFA provisions in bid to reduce costs on financial services industry
  • Baker & McKenzie
  • Australia
  • July 1 2015

The Assistant Treasurer recently announced the passage of a series of amendments to the Corporations Regulations 2001 (Cth), which will affect the

Financial services update vol. 10, issue 22
  • Winston & Strawn LLP
  • Australia, China, USA
  • June 29 2015

China and Australia recently signed the ChinaAustralia Free Trade Agreement (ChAFTA) after ten years of negotiations. Upon full implementation of

Government announces further refinements to FOFA
  • DLA Piper LLP
  • Australia
  • June 25 2015

The Government has released a statement that agreement has been reached with the Opposition to progress ‘minor and technical’ refinements to the

Credit cards to improve travel insurance disclosure
  • Norton Rose Fulbright Australia
  • Australia
  • June 24 2015

Credit card providers have agreed to provide customers with clearer information regarding when 'complimentary' travel insurance is activated and to

FOS rejects complaint related to geared investment strategies
  • Barry.Nilsson. Lawyers
  • Australia
  • June 24 2015

With investment funds taking a hit in tough economic times, frustrated investors are looking for someone to blame. In this case, the applicants made

General insurance distributors breathe sigh of relief
  • Norton Rose Fulbright LLP
  • Australia
  • June 9 2015

In a move likely to be welcomed by the general insurance industry, ASIC has proposed to maintain the relief provided for distributors of general

When referrers go rogue
  • Gadens Lawyers
  • Australia
  • May 28 2015

A recent ASIC ban of an ACL holder serves as a warning to both brokers and lenders to be careful when accepting referrals. This month ASIC banned a

ASIC releases Consultation Paper on expiring class orders relating to general insurance distributors and banking
  • DLA Piper LLP
  • Australia
  • May 26 2015

The Australian Securities and Investment Commission (ASIC) have released a Consultation paper (230) addressing three class orders that are due to

The rise of 'robo advice'
  • Allens
  • Australia
  • May 6 2015

'Robo advice' is another one of these phrases that we are suddenly seeing everywhere. The idea offers some exciting opportunities for advice

Australian regulators responding to financial innovation
  • Gadens Lawyers
  • Australia
  • April 29 2015

Australia's banking and finance environment is one of the most tightly regulated in the world. Regulation brings protection, stability, and