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LinkedIn Jobs on the Rise 2022

New research by LinkedIn reveals Australia’s most sought-after jobs in 2022. A report released by LinkedIn on Tuesday found Human Resources (HR) and Technology roles are on the rise and have been the fastest-growing job titles over the past five years, according to data analysed up to July 2021. HR came out on top, with...

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Federal Government announces visa rebates for backpackers and international students

The Federal Government will refund visa application fees for international students and backpackers heading to Australia over the next few weeks (eight weeks for students and 12 weeks for backpackers). It is hoped that the initiative will attract some of the 150,000 students and 23,500 backpackers who currently hold Australian visas and help fill critical...

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Quality of Advice Review to examine advice framework for accountants

The Draft Terms of Reference for the Quality of Advice Review were released by Treasury last month. In response to recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Quality of Advice Review will consider how the regulatory framework could better enable the provision of high quality, accessible...

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Government proposes ‘experience pathway’ for advisers without degrees

The Government has proposed an “experience pathway’ that will mean financial advisers with 10+ years of full-time experience gained over the last 12 years will be exempt from obtaining a university degree. The policy paper ‘Education Standards for Financial Advisers’ released by the Treasury last month sought to streamline the minimum education requirements and recognise...

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Wealth and asset managers set sights on automation

A survey by automated reconciliations firm AutoRek and Worldwide Business Research has found that the availability of automated systems and adequately skilled staff are among the top concerns for financial services businesses. Read more.

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Industry feedback invited on ‘complex’ financial services laws

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...

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FASEA abandons amends to Standard 3

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...

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AIOP Administrative Award of Excellence 2022 – nominations now open

Nominations are open for the Australian Institute of Office Professionals Administrative Award of Excellence 2022. This Award replaces the Office Professional of the Year Award hosted by the Divisions of Northern Territory and Western Australia which due to the COVID-19 restrictions was postponed until 2022. Nominations close on 28th February 2021. For more information.

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New helicopters to provide assistance to WA communities

Three replacement aircraft are being delivered as part of the 2021-22 Mid-year Review to provide a newer, improved rescue service for the WA. The new helicopters will provide assistance to WA communities from mid-2023. They will have an increased range and will be able to operate within a 350 kilometre radius of their bases at...

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My Bushfire Plan app updated with new features

The My Bushfire Plan app has been updated with new features including enhanced visual prompts, drop-down fields, easier access to educational tools and the ability to create multiple plans per user to cover holiday homes and different scenarios. Improvements to the app coincide with the launch of the campaign ‘How Fireproof is your plan?’, which...