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Australian financial services firms ‘unprepared’ for FATCA
A litigation suit has been filed against the US federal government arguing the Foreign Account Tax Compliance Act (FATCA) is “unconstitutional” and violates privacy ...
ECONOMY • Mon, 27 Jul 2015
Details of CPA mortgage move revealed
Accounting body CPA Australia has provided a crucial update on its much-hyped entry into the financial planning and credit advice markets.
ECONOMY • Wed, 15 Jul 2015
Housing bubble warnings ‘nonsense’
Domain Group senior economist Andrew Wilson has poured cold water over suggestions Australia is in the midst of its largest-ever housing bubble.
ECONOMY • Thu, 25 Jun 2015
New rules for life insurance advisers
Financial planners that provide life and risk insurance advice will be subject to a new remuneration regime after the federal government backed an industry proposal.
Financial planning giant under investigation
***Updated*** IOOF is under investigation by ASIC and has commissioned an external compliance audit by Pricewaterhouse Coopers, following allegations of wrongdoing, ...
ECONOMY • Wed, 24 Jun 2015
NAB names Flavell replacement
NAB has announced a new executive general manager, wealth advice, following John Flavell’s departure to take the reins as chief executive of Mortgage Choice.
LENDER • Mon, 22 Jun 2015
Central banks becoming ‘unpredictable’
The actions of global central banks are beginning to cause concerning investor confusion, says international fund manager.
ECONOMY • Sun, 21 Jun 2015
Govt warns on real estate ‘money laundering’
The federal government’s financial intelligence unit has warned that some ‘gatekeepers’ are using real estate as a “significant money laundering channel”.
ECONOMY • Thu, 18 Jun 2015
Macquarie to refund over 2,000 clients
Macquarie will pay more than $5.5 million to reimburse users of one of its investment products after self-reporting system errors to ASIC.
LENDER • Wed, 17 Jun 2015
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