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.  Read more

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. Read more

Welcome to Issue 36 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 team analyses the ASIC Competition in Funds Management Review, the APRA Pandemic Data Collection project and the LCCC’s 2018-19 report on the life insurance industry’s compliance with the Life Insurance Code of Practice (the Code).  Read more

Welcome to Issue 35 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  This past week the FSC contributed to the national policy debate by releasing our Accelerating Australia’s Economic Recovery report. This has been the focal point for our discussions with the Government and the public service over the past week.  Parliament resumed on 10 June for a two-week sitting period. In addition to a measure to amend the timeline for complying with FASEA requirements, the Government also listed the ‘Your Super, Your Choice’ Bill for debate in the Senate and the ‘More Flexible Super’ Bill for debate in the House of Representatives. These bills are progressing but have not yet passed Parliament.  Read more

A lot has been said about advice businesses experiencing a surge in demand for their services as they support clients through matters relating to early access to superannuation, redundancy, life insurance, pension minimums and more.  Read more

This past week the FSC contributed to the national policy debate by releasing our Accelerating Australia’s Economic Recovery report.   Read more