The government and opposition have reached an agreement on FOFA, with implications for advisers and licensees.
A statement issued just now from finance minister Mathias Cormann reveals that the two major parties have agreed to progress a slightly amended FOFA through the parliament before year’s end, delivering crucial relief on the issue of grandfathering.
The statement explains that regulations that were disallowed will now be re-made to include:
All other elements of the government’s amendment agenda will remain disallowed and the original FOFA legislation will stand.
Macquarie Bank will pay a $10 million penalty for failures related to preventing and detecting unauthorised fee ...
The Financial Advice Association Australia has argued strongly against the implementation of the CSLR, calling the ...
A financial advice firm has seen a decline of 10 advisers this week with all moving to a new licensee, while Centrepoint ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin