by Catherine Evans | Dec 10, 2025 | AFSL, AML, KitLegal
Step 1 (now) Work out if you will be regulated by AUSTRAC. If you do any of these things you will be: New Designated Services Step 2 (now) Consider your business structure. If you have only one entity providing designated services, that’s simple. That’s the entity...
by Kit Legal | May 7, 2025 | AFSL, KitLegal
As you can see from our submission to ASIC, we are strongly against ASIC’s proposal to publish firm level reportable situation and IDR data. Hopefully there are enough voices of reason in this consultation. Please feel free to lodge your own submission in addition to...
by Kit Legal | Apr 29, 2025 | AFSL
Submission to Treasury’s consultation on draft legislation to simplify the existing Statement of Advice. We welcome the opportunity to respond to the draft legislation covering the first tranche of the ‘Improving access to affordable and quality financial advice’...
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...
