What is Lorem Ipsum?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Header title here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Self-Licensing Case Studies: Results from an Adviser Survey

Prepared by Kit Legal with feedback from their wonderful clients. The Journey to Self-Licensing: What We Learned Flexibility and Control: The Most Cited Benefits One of the recurrent themes in the survey responses was the benefits of freedom and control that...

DBFO update – finally!

The Delivering Better Financial Outcomes (DBFO) legislation received Royal Assent meaning that the FSG changes are now live and the changes to FDS and OFAs will commence on 10 January 2025. Some last minute changes were slipped in which had us all breathing a sigh of...

SMSFs as wholesale clients: a continuing sea of grey

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...

QAR Tranche 1 – Progress or Misstep?

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...

ASIC is going hard on greenwashing – what does this mean for you?

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...

Investing in the Maze: Will Australia Revamp its Managed Investment Schemes Framework?

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...

Response to Delivering Better Financial Outcomes draft legislation

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...

Are you willing to say no to a client?

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...

Review of the regulatory framework for managed investment schemes – response to consultation paper

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...

Government finally announces its QAR response

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...

Header title here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

How We Can Help

Kit Legal was born out of an identified need for legal compliance expertise delivered in a client-centric manner. Our team consists of specialist lawyers, financial planners and paraplanners with extensive experience working with a range of financial services participants across Australia. This balance of skills provides a unique level of insight and understanding of the industry and the needs of our Financial Planning clients.

Our team has designed and developed a custom software platform, the Digital Compliance Platform (DCP), tailored to the unique needs of Wealth Advice businesses and the regulatory responsibilities related to the maintenance of their licence.

Add-on legal advice services are offered via a subscription-based, unlimited legal help desk. Access expert legal guidance when you need it without the stress of not knowing how much the advice you require will cost.

AFSL applications

Regulatory Compliance

Specialised Legal Advice