Reading RoomFollowing on from our last update, where we examined the proposed introduction of the short-form PDS for superannuation products, the Regulations introducing the short-form PDS have now commenced.
With the exception of limited circumstances, once the transition period expires, all PDSs for superannuation products will need to meet the short-form PDS requirements.
Our …
The UNCTAD Survey 2009-2011 ranks Australia in the top 10 of the most attractive countries in which to invest. Whilst domestic growth eased in 2009, it is picking up and the general consensus to date is that most of the problems directly related with the GFC did not significantly affect Australian financial institutions.
To view to full Update, please download PDF.
On 21 December 2009, the Hon Chris Bowen MP released, for public comment, draft Corporations Amendment Regulations 2009 (draft Regulations) and an example PDS for superannuation funds and managed investment schemes. The draft Regulations and example PDS were the products of a Financial Services Working Group charged with examining, among other things, financial services …
APRA has recently released for public consultation draft guidance on managing conflicts of interest for RSE licensees. This consists of a discussion paper and draft Prudential Practice Guide 521 Conflicts of interest, following earlier consultation with government agencies …