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...
by Kit Legal | Oct 3, 2023 | AFSL, KitLegal
We welcome the opportunity to respond to the issues paper published in August 2023. Kit Legal is a specialist financial services law firm. We act for over 100 financial services firms around Australia, assisting them to comply with their regulatory obligations. Most...
by Kit Legal | Jun 19, 2023 | AFSL, KitLegal
Stephen Jones has finally announced the government’s much anticipated plan for implementing the Quality of Advice recommendations. In an address to the Association of Superannuation Funds of Australia, the Minister announced that the government accepts 14 of the 22...
