February 2018
News in review
What’s made news recently?
- Legislation update
- Two new consumer protection reforms come into play
- Taxation of financial arrangements reform delayed
- Economic and central bank update
- BOJ continues stimulus policy as monetary base hits record high
- Private sector credit growth above expectations
- Industry update
- FPA reveals priorities for 2018
- Insurance in Superannuation Voluntary Code of Practice a “dud”
- Life insurance APL standard finalised
- Superannuation funds’ financial advice offering grows
- Market regulators’ reports and guidance
- ASIC releases guidance on sell-side research
- Board of Taxation chair reappointed.
Learning objectives
After reading this article, you should be able to:
- discuss proposed legislative reform
- explain the impact of RG 234
- recognise trends and challenges to the industry in 2018.
Knowledge areas and accreditation
Knowledge areas: Generic Knowledge (30 minutes/0.5 points), Generic Knowledge — Legal Environment and Compliance (30 minutes/0.5 points).
FPA CPD points 1.0 Dimension: Capability (FPA 009785).
AFA CPD points 1.0 (AFA 01022009).
CPA Australia CPD points 1.0 (CPA 000468).
FBAA CPD points 1.0.
TPB CPE (60 minutes/1.0 point).
SMSF Association CPD points 1.0.