Date

Topic

September 2020

·      ASIC's focus from now until 2024 – the Corporate Plan

·      Fraud and identity theft

·      Technological Resources and Cyber Security

·      Client file reviews

·      Salary survey

August 2020

·      HAP2 Pty Ltd v Bankier [2020] Queensland Court of Appeal

July 2020

·      ASIC Update – Revised Reform Timetable

·      Courts provide Westpac a “win” in relation to ACL fact finders

·      ASIC – “Sunset” for COVID Relief relating to SOAs

·      Continuing Consolidation of the Advice Industry as institutions depart the “holistic personal advice space”

·      Penalising the “approach” even where conduct is within the limits of relevant legal provisions

·      Certain changes proposed by the FPA to change the advice industry

·      FASEA News

·      Giving advice – who is in the frame, Part 1

June 2020

·      June regulatory update

·      Financial advice – revisiting COVID related relief

May 2020

·      FASEA related legislation updates

·      ASIC defers the commencement of the mortgage brokers “best interest duty” obligations

·      New means of signing Company documents

·      Directors duties regarding AFSLs compliance

·      Court challenges to AFCA

April 2020

·      Enhanced powers to ASIC to make “banning orders” and cancel or suspend licenses

·      Lack of independence disclosures

·      Reference checking and information sharing upon recruitment

·      “Reportable Situations” resume to replace current breach notification regime

March 2020

·      Handling insurance claims to become a regulated “financial service”

·      Rebating previous Grandfathered Conflicted Remuneration

·      Changes to Ongoing Fee Arrangements

·      Charging of advice fees from superannuation accounts

·      Enforcement of industry association codes

·      AFCA’s adoption of the FASEA Code principles

·      Implementing the “Informed Consent” FASEA Standards

·      Implementing the ASIC “Reasonable Steps” Standards

·      Coronavirus – Have you updated your AFSL risk management plan/matrix?