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In this Funds Update for 1 December 2023: FFSP legislation tabled in Parliament and to take effect 31 March 2025 ASIC consults on remaking class order on Exchange Traded Funds FFSP legislation tabled in Parliament and to take effect 31 March 2025 On 30 November 2023, the Treasury Laws Amendment (Better Targeted Superannuation Concessions and … Read more
On 7 August 2023, Treasury published exposure draft legislation titled Treasury Laws Amendment (Measures for Future Bills) Bill 2023: Licensing exemptions for foreign financial service providers (Bill) and the accompanying Explanatory Memorandum for consultation. Our team has made a formal submission on this consultation. For several years, foreign financial services providers (FFSPs) and their Australian … Read more