June 2018
Monthly recap of global and domestic news
What’s made news recently?
- Governance and legislation update
- Royal Commission fallout intensifies
- APRA report into CBA “damning”
- Government accepts Senate white-collar crime report recommendations
- AFCA appoints board members
- SMSF member maximum increased
- Economic and central bank update
- RBA outlook too “optimistic”
- 2018/19 Budget: minor adjustments rather than sweeping reforms
- Industry update
- New alliance for retirement formed
- ASFA updates retirement budget.
Learning objectives
After reading this article, you should be able to:
- discuss current issues in the financial services industry
- explain APRA’s view on governance, culture and accountability
- discuss implications of the Federal Budget
- examine changes to SMSFs.
Knowledge areas and accreditation
Knowledge area: Credit and mortgage broking (15 minutes/0.25 points).
FPA CPD points 0.75 Dimension: Capability (FPA 010130).
AFA CPD points 0.75 (AFA 01022009).
CPA Australia CPD points 0.75 (CPA 000563).
FBAA CPD points 0.75.
TPB CPE (45 minutes/0.75 points).