The distinction between wholesale and retail clients is a fundamental part of Australia's financial services laws. Read more

Sometimes personal situation becomes desperate, leading to a member wanting to access the superannuation monies trapped in their superannuation fund. Read more

It pays to understand super trustees' obligations as modified by the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (the DBFO Act), when it comes to advice fees. Read more

Licensees who provide financial product advice in relation to general insurance, life insurance or consumer credit insurance will be familiar with the exemption from conflicted remuneration for commissions on these products. Read more

The big-ticket item for advice licensees resulting from the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (the DBFO Act) is the changes made to ongoing fee arrangements (OFAs). Read more

The Australian Government has introduced into Parliament the first tranche of reforms to the Privacy Act 1988 under the Privacy and Other Legislation Amendment Bill 2024 (the Bill). Read more

The Spam Act 2003 (Spam Act) applies to most Australian businesses, including financial services, that send commercial messages for marketing or other purposes. Read more

As the 21 October 2024 deadline for the Australian Securities and Investments Commission's (ASIC) game-changing updates to over-the-counter (OTC) derivative transaction reporting looms, Australian financial institutions need to prepare for a seismic ... Read more

The Australian Securities and Investment Commission (ASIC) has released guidance clarifying its expectations in relation to a bank, or other intermediary, pre-hedging derivative exposures. Read more

Under Australian financial services laws, Australian Financial Services (AFS) Licensees and financial advisers face stringent compliance obligations regarding the collection, use, and protection of personal information. Read more