The Australian Taxation Office has issued an Interpretative Decision (ID 2015/7): Income tax/Superannuation: Foreign currency translation rules in working out “applicable fund earnings” under section 305-75 of the ITAA 1997. Here is a link to ATO ID 2015/7 (link).
ASIC is reviewing its regulatory guidance for investors who want to take collective action to improve the corporate governance of listed entities. Here is a link to ASIC’s media release (link) and the consultation paper (link).
ASIC is making enquiries of a number of responsible entities of registered managed investment schemes regarding their risk management practices. Here is a link to ASIC’s media release (click here).
The Government has released a draft investment framework for an enhanced Significant Investor Visa Scheme (SIV) and design options for a new Premium Investor Visa (PIV). Here is a link to the joint media release (click here).
ASIC recently sought feedback on proposals to make it easier for businesses to deliver financial services disclosures electronically while preserving choice for consumers. Here is a link to ASIC’s media release (click here) and the consultation paper (click here).
ASIC recently released consultation papers proposing to remake a number of class orders that are due to expire (‘sunset’) in 2015 and 2016; one of which is the Class Order facilitating offers by foreign companies. Here is a link to ASIC’s media release (click here) and the consultation paper (click here).
ASIC recently released consultation papers proposing to remake a number of class orders that are due to expire (‘sunset’) in 2015 and 2016; one of which is the Class Order on secondary services and general advice. Here is a link to ASIC’s media release (click here) and the consultation paper (click here).
Following a review of fee disclosure practices, ASIC recently released a class order clarifying key fee and cost disclosure requirements for Product Disclosure Statements and periodic statements for superannuation and managed investment products. Here is a link to ASIC media release (click here), the ASIC class order (click here) and draft regulatory guide (click here).
ASIC recently released a class order to facilitate term deposits that are only breakable on 31 days’ notice. Here is a link to ASIC’s media release (click here), the class order (click here) and an explanatory statement (click here).
The Government announced plans to establish a register for financial advisers in October 2014, and ASIC is well advanced with work on an industry-wide public register to be up and running at the end of March. Here is a link to ASIC’s media release (click here) and to ASIC’s dedicated webpage (click here).