Tag: Australia

1
Australia: Preparing for the Extension of the Superannuation Performance Test to Trustee-Directed Products
2
Australia: ASIC Releases Report on Recent Greenwashing Actions
3
Australia: ASIC Revises its IDR Reporting Framework. Are You Ready?
4
Australia: ASIC Reports on DDO Compliance by Investment Product Issuers
5
Australia: Why you should (or shouldn’t) use a CCIV

Australia: Preparing for the Extension of the Superannuation Performance Test to Trustee-Directed Products

By Jim Bulling and Grace Hall

The release of draft regulations by the Australian Government and publications by the Australian Prudential Regulation Authority (APRA) provide further guidance to regulated superannuation funds on how annual performance assessments (the performance test) will apply to trustee-directed products.

Read More

Australia: ASIC Releases Report on Recent Greenwashing Actions

By Matthew Watts and Rebecca Mangos

The Australia Securities and Investment Commission (ASIC) has published a report on its regulatory interventions made between 1 July 2022 and 31 March 2023 in relation to greenwashing concerns (which can be accessed here). The report covers ASIC’s issuance of greenwashing infringement notices during the period and its observed increase in representations made by listed companies, managed funds and superannuation funds on environmental, social and governance credentials.

Read More

Australia: ASIC Revises its IDR Reporting Framework. Are You Ready?

By Daniel Knight and Hugo Chow

All holders of an Australian Financial Services License (AFSL) with a retail client authorisation will need to comply with ASIC’s internal dispute resolution (IDR) reporting framework. Summary reports will need to be provided to ASIC on a 6 monthly basis, highlighting the status of each client complaint. Reporting obligations commence from 1 July 2023 (for reporting in January or February 2024). AFSL holders should put systems in place now to ensure all required information is being captured.

Read More

Australia: ASIC Reports on DDO Compliance by Investment Product Issuers

By Kane Barnett and Bernard Sia

On 3 May 2023 the Australian Securities and Investments Commission (ASIC) released its review on compliance by investment product issuers of the Design and Distribution Obligations (DDOs). In ASIC’s view, there is still considerable room for improvement by product issuers.

Read More

Australia: Why you should (or shouldn’t) use a CCIV

By Kane Barnett

Australia’s new fund vehicle, the corporate collective investment vehicle (CCIV) came in to effect on 1 July 2022. Since then adoption has been meagre to say the least.

Read More

Copyright © 2022, K&L Gates LLP. All Rights Reserved.