Australia
Tax & Regulation | 28 Aug 15
Australia moves to introduce user pays system to fund regulator
The Australian government has begun consultations with the local financial services providers to devise a system of levies and fees to fund the cost of enforcing regulations on the industry.
Australian wealth manager AMP posts 33% rise in net profit
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.
Tax & Regulation | 14 Aug 15
Australian regulator to make guilty pay investigation costs
Australia’s main regulator has announced plans to make the finance industry pay the costs of investigations where they have been successful, in move which could raise the scale of it penalties imposed.
Tax & Regulation | 24 Jul 15
Australia announces major review into financial regulator
The Australian Government has announced a full scale review of the country’s main financial regulator to assess its performance and see whether it has adequate capabilities and systems.
Australia’s Findex to offer ‘commission free’ life policies
The Findex Group, one of Australia’s major independent wealth management firms, has announced that all new life insurance policies sold will be commission-free.