FSC Policy Update - Issue 29. March 23
Welcome to Issue 29 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. Firstly, the FSC has announced its support for the Government's temporary crisis measures regarding superannuation, announced by the Prime Minister and Treasurer yesterday (Sunday) here. Please see our media release here. Please see Treasury fact sheets of details on eligibility criteria for temporary early access to superannuation here, and temporary reduction of pension drawdown and reduction of social security deeming rates here. We have also written to the Treasurer, Josh Frydenberg and the Assistant Minister for Superannuation and Financial Services, Senator Jane Hume, seeking urgent relief and waiver for a number of regulatory and legislative initiatives as our members prioritise the operations of their businesses and focus on assisting their customers and clients during this time of national crisis. This request is in direct response to a note issued last week by the Council of Financial Regulators here where the Council stated that regulators were standing ready to deal with problems firms may encounter in complying with the law due to the impact of COVID-19.
FSC Policy Update - Issue 28. March 9
Welcome to Issue 28 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. In this issue, the FSC team analyses Life Code 2.0, the ASIC investigation related to the end of grandfathered commissions and draft legislation on improving flexibility for older Australians.
FSC Policy Update - Issue 27. February 24
Welcome to Issue 27 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. In this issue, the FSC team analyses a number of Royal Commission recommendations (and proposed legislation to implement them), Modern Slavery and the Retirement Income Review.
FSC Policy Update Issue 26
Welcome to Issue 26 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. In this issue, the FSC team analyses Royal Commission Exposure Draft legislation, the Compensation Scheme of Last Resort (CSLR) and the Financial Accountability Regime (FAR).
FSC Update - Issue 23. 25 November
Welcome to Issue 23 of the FSC Update – a fortnightly member briefing on the main legislative and regulatory changes right across the financial services industry. In this issue, the FSC team analyses APRA's Superannuation Heatmap, Tax Practitioner’s Board activities and Enforceable Code Provisions.
FSC Update - Issue 22. 11 November
Welcome to Issue 22 of the FSC Update – a fortnightly member briefing on the main legislative and regulatory changes right across the financial services industry. In this issue, the FSC team explores the Compensation Scheme of Last Resort, APRA’s project to upgrade their superannuation data collection and a Future of Advice Webinar.