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. 

We spoke to financial advice industry specialist Nerida Cole from Dixon Advisory about the impacts of COVID-19 on the financial wellbeing of Australians, as well as how the crisis has demonstrated the true value of advice.

Welcome to Issue 37 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  Parliament has entered the long winter recess and will not sit again until the first week of August. In the meantime, the Government is preparing its ‘Economic Update’ that will be handed down on 23 July. The update will focus on how the Government proposes to transition away from the high level of economic stimulus required by the COVID-19 pandemic. 

Speakers from the UK, Hong Kong and Sydney joined us for the FSC’s recent under 35s Circuit event on investing and the influence of climate change on global markets.

End of the financial year is always a busy time for tax managers in financial services. But this year things are substantially harder with the disruption caused by COVID-19.

Three major fiscal safety nets saved many Australians from economic penury in this pandemic – the taxpayer-funded JobKeeper and JobSeeker schemes, and the superannuation early access scheme. 

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