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The Australian Law Reform Commission (ALRC) has asked financial services providers to provide feedback on Commonwealth legislation regulating corporations and financial services. The ALRC recently argued regulations for the sector are unnecessarily complex and tabled an interim report in Parliament detailing the complexity. Submissions about the proposals and questions raised in the report can be...

The Financial Advisers Standards and Ethics Authority (FASEA) relinquishing possible Standard 3 tweaks after its consultations highlighted a divergence in views between consumer representatives and industry participants. Due to the wind-up of FASEA and transfer of functions to Treasury and Australian Securities and Investment Commission (ASIC) at the end of 2021, FASEA “considers it appropriate...