Tag Archives: Harry New

2019 Federal Budget insight

With a forecast surplus for 2019-20, the first time in over a decade, of $7.1 billion, Josh Frydenberg’s 2019 Budget is a not too subtle election budget. Surplus is forecast into the future with government debt eliminated by 2029-30.

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Federal Budget: our initial thoughts

Partners Anthony Bradica and Harry New share their initial thoughts about tonight’s Federal Budget.

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Financial Services in Focus – Issue 20

Funds and financial products

Royal Commission fallout

On 18 February, the Commonwealth Treasurer, Josh Frydenberg, issued a media release setting out the Commonwealth Government’s actions since the release of the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

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Financial Services in Focus – Issue 19

Funds and financial products

Financial Services Royal Commission final report

On 4 February, the final report of the Royal Commission into the Misconduct in the Banking, Superannuation and Financial Services Industry was released to the public.

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Financial Services in Focus – Issue 18

Funds and financial products

ASIC releases consultation paper on fees and costs disclosure regime

On 8 January, ASIC released a consultation paper on reforms to the fees and costs disclosure requirements for managed investment schemes and superannuation funds.

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ASIC releases consultation paper on fees and costs disclosure regime

On 8 January 2019, ASIC released a consultation paper on reforms to the fees and costs disclosure requirements for managed investment schemes and superannuation funds. The paper is in response to the independent reviewer’s report into the fees and costs disclosure regime under the Corporations Act 2001 as amended by ASIC Class Order [CO 14/1252] and as augmented by its regulatory guidance. In this article, we outline some key points of the consultation paper.

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AFCA membership: Notify ASIC by 30 November or face late fees

As of 1 November 2018, the Australian Financial Complaints Authority (AFCA) opened for business as the new national financial services dispute resolution scheme.

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Crowd-sourced funding for proprietary companies – Why you might or might not

Crowd-sourced funding (CSF) is almost a reality for proprietary companies. Businesses in Australia will soon be able to access CSF without needing to convert into or incorporate an unlisted public company. If you caught our earlier article, you’ll know the existing CSF regime will extend to proprietary companies. In this article, we look at how it is different to crowd-sourced fund as a proprietary company and what are some obligations in undertaking CSF as a proprietary company.

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Crowdfunding legislation for proprietary companies passes

The long anticipated extension of the crowd-sourced funding (CSF) regime is finally set to become a reality with the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 having passed the Senate on 12 September 2018. Our previous thinking on this topic can be found here. We will be releasing part two of this article soon.

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Financial Services in Focus – Issue 9

Funds and financial products
Asia Region Funds Passport regulations registered

On 20 August, the Corporations Amendment (Asia Region Funds Passport) Regulations 2018 (Cth) was registered.

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