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Establishing an SMSF – 7 reasons to use a corporate trustee
05 Oct 2019
David Court
PartnerLike most professional advisers, we are strongly of the view that a self-managed superannuation fund ("SMSF") should have a corporate trustee. This article looks at the trustee requirements for SMSFs…...
Read moreHow to score an A+ at your next licensee compliance audit
03 Oct 2019
Paul Derham
Managing PartnerWhen did you sit your last exam? Remember the mixed feelings of anticipation and dread? You probably recall the feeling more vividly than the subject matter. Memories like that are…...
Read moreEfficiently, Honestly and Fairly – What does it mean?
30 Sep 2019
Grant Holley
Co-Founder & ConsultantI’d like some “Efficiently, Honestly and Fairly” please, with a dash of “community expectations” thrown in.¹ I would like to start with what is, I think, an unarguable proposition. No…...
Read moreEnforceable Undertaking – What you need to know as a licensee
17 Sep 2019
Grant Holley
Co-Founder & ConsultantAn enforceable undertaking, or EU, is an undertaking offered to ASIC, by what we affectionately refer to as “the Pingee”, which sets out in writing certain actions that the Pingee…...
Read moreHow can a computer comply with the Best Interests Duty (BID)?
13 Sep 2019
Grant Holley
Co-Founder & ConsultantThe best interests duty Section 961B of the Corporations Act 2001 (Cth) (“the Act”) requires a provider of financial product advice to act in the best interests of the client…...
Read moreDirectors duties of a responsibility entity
05 Sep 2019
Samantha Hills
PartnerNeed a hand with understanding your duties as director of a responsible entity? Check out this case that made it all the way to the High Court. The case In…...
Read moreProtecting your AFSL from advisers who breach
04 Sep 2019
Samantha Hills
PartnerBeing able to sever ties with an adviser who is causing you to breach your AFSL obligations is an important consideration for licensees. AR agreements and internal auditors You should…...
Read moreEssential things you should know about contracts
03 Sep 2019
Samantha Hills
PartnerEven if you engage lawyers to draft or review your contracts, there are some essential things you should know. 1. The contract document does not necessarily reflect the whole agreement…...
Read moreModern slavery laws and their impact on the financial services industry
30 Aug 2019
David Court
PartnerReaders may be forgiven for thinking that the practice of slavery is now only of historical interest – having been largely abolished in the 19th century. While that is true…...
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