Welcome to Issue 43 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. The Government announced significant reforms to superannuation in the Federal Budget, including the implementation of the Royal Commission’s ‘one default account’ recommendation, a policy priority of the FSC’s, along with new APRA powers and controls on the use of members’ retirement savings. Read more

Welcome to Issue 42 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. With three weeks until the Federal Budget is handed down on 6 October, the Government has flagged accelerated personal income tax cuts, tax incentives for businesses to support economic growth and further support for pensioners. Read more

Welcome to Issue 41 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. The FSC was pleased to host an event with the Shadow Minister for Financial Services, Stephen Jones MP, last Friday to discuss a range of issues with FSC members that are impacting the financial services industry. Read more

Welcome to Issue 40 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 the pilot initiative to allow life insurers to provide earlier intervention to support customers, revised APRA guidance for insurers and banks capital management and ASIC consultation on Reference Checking protocol.   Read more

Welcome to Issue 39 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  COVID-19 has again dominated the political landscape, with the most recent sitting of Parliament cancelled. It appears likely the next sitting period, scheduled to commence 24 August, will proceed, with Victorian-based MPs and Senators asked to quarantine for 14 days beforehand if they wish to attend.  Read more

Welcome to Issue 38 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  In the issue, the FSC team analyses the Government’s Economic Update, the Parliamentary Inquiry into Diversifying Australia's Trade and Investment Profile, the 2021 Exam timetable for financial advisers and the FSC's new Fund Management Board Committee.  Read more