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

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