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

The economist Milton Friedman famously said that in a market economy, ‘there is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.’  Read more

Climate change. Regulation. COVID-19. Recession. Populism. All these topics and more were tackled by local and international speakers at the FSC’s inaugural Investment Summit this week.  Read more

Christmas is around the corner (sure does not feel like it) but ironically feels premature given the prolonged months of slow activity during 2020 for reasons well-known. 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

Default super is about to become a whole lot more competitive, but perhaps not in the way many of us imagined.  Read more