Consumer group Choice has warned parliamentarians that professional indemnity insurance is an inadequate safeguard for financial technology firms providing financial advice.
The Australian Prudential Regulation Authority has placed superannuation funds on notice that it believes the Insurance in Superannuation code of conduct does not go far enough and needs to be enforceable.
The Federal Government has been warned that its legislative changes around housing affordability will have the effect of denying non-residents the right to the Capital Gains Tax exemption on their family home.
The Financial Planning Associated has cited the “massive losses” associated with agricultural and forestry managed investment schemes in urging the Government to amend legislation to recommend consumers obtain financial advice.
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