by Kit Legal | Apr 11, 2024 | AFSL
The confusion and debate about wholesale clients and in particular, when a SMSF trustee can be a wholesale client, continues as a recent SMSF Adviser Article points out. Whenever advising a SMSF trustee, the adviser must always carefully consider the nature of the...
by Kit Legal | Apr 10, 2024 | AFSL
The long awaited first tranche of QAR has been tabled, and, as you can see from the commentary flying around, it leaves a bit to be desired and contains some large ‘misses’. From what we see and hear, there’s a fair way to go on this one and the 1 July kick off looks...
by Kit Legal | Feb 18, 2024 | AFSL, KitLegal
What do Vanguard, Morningstar and Mercer Superannuation have in common? They’ve all been hit with enforcement actions in ASIC’s crackdown on greenwashing. 2023 was a watershed year when it came to ASIC’s approach to greenwashing. Morningstar paid out almost $30,000 in...
by Kit Legal | Feb 16, 2024 | AFSL, KitLegal
This year will be a big year for potential major reforms to the Australian Managed Investment Schemes (MIS) framework. The Australian Treasury’s consultation paper titled “Review of the regulatory framework for managed investment schemes” released in August 2023 has...
by Kit Legal | Dec 6, 2023 | AFSL, KitLegal
We welcome the opportunity to respond to the draft legislation covering the first tranche of the Delivering Better Financial Outcomes reforms. While we understand the industry is keen to move quickly on changes that will deliver efficiency, we thank Treasury for its...
by Kit Legal | Oct 16, 2023 | AFSL, KitLegal
Some clients walk into an adviser’s office with only the broadest goals for their financial future. Others arrive with strong opinions about how and where they want to invest their money. Both ends of the spectrum challenge an adviser, who’s obligated to act in a...