Welcome to Issue 49 of the FSC Policy Update. In 2021, this member briefing on the main legislative and regulatory changes across the financial services industry will be issued monthly.  Parliament resumed for the last two weeks of February and there was progress on a range of outstanding policy issues. The Parliament passed the Royal Commission bill implementing the annual renewal recommendations, the Government introduced its ‘Your Future, Your Super’ reforms to the House of Representatives, but had not yet released the crucial Regulations, and a review into AFCA was commenced. Read more

Welcome to Issue 48 of the FSC Policy Update. In 2021, this member briefing on the main legislative and regulatory changes across the financial services industry will be issued monthly.  The new Design and Distribution Obligations (DDO) commence in October this year. I provide an update here on work the FSC is doing to prepare template Target Market Determinations (TMDs). Read more

Welcome to Issue 47 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. Parliament has entered its final sitting period of the year, with a continued focus on the Government’s Royal Commission reforms and the ‘Your Future, Your Super’ reforms. Parliament has re-opened to external visitors, and the FSC is pleased to have been able to return to Canberra for in-person meetings with the Government, Opposition and public service. Read more

Welcome to Issue 46 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. Parliament resumes next Monday 30 November for the final two-week sitting of the year. Read more

Welcome to Issue 45 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. Parliament resumed for a short, one week sitting on Monday 9 November, the second last sitting period of the year. The FSC continues to expect a suite of Royal Commission (RC) bills to be introduced to Parliament before the end of the calendar year, as previously indicated by the Government, but for many of these bills to also be referred to a committee process for further examination. Read more

Welcome to Issue 44 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. The 2020 Budget released on the evening of 6 October packed a punch, with superannuation reforms announced that will have significant downstream implications for life insurers, fund managers and financial advisers. The FSC is closely engaging with the Government on these reforms and looking to ensure the ‘Your Future, Your Super’ package does not result in poor consumer outcomes. Read more