QUALITY OF ADVICE TRANCHE 1: HSF MAKES SUBMISSION ON TREASURY CONSULTATION

06 December, 2023
On 14 November 2023, Treasury released exposure draft legislation for consultation, proposing amendments to a number of statutes in response to the Quality of Advice Review. Our team has made a formal submission on this consultation. In summary, our submission addresses the proposed removal of the exception to the conflicted remuneration provisions for benefits given by … Read more

MANAGED INVESTMENT SCHEMES: HSF MAKES SUBMISSION ON TREASURY CONSULTATION

29 September, 2023
On 4 August 2023, Treasury published a Consultation Paper on its review of the regulatory framework for managed investment schemes. This Consultation Paper seeks feedback on the appropriateness of the existing regulatory settings for managed investment schemes, including: the thresholds that determine whether an investor is a wholesale client; whether certain managed investment schemes should … Read more

FOREIGN FINANCIAL SERVICE PROVIDERS: HSF MAKES SUBMISSION ON TREASURY CONSULTATION

08 September, 2023
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