AFSL

Super Alert – 21 August 2020

Superannuation & Financial Services

Posted By and on 24/08/20

Welcome to this week’s issue of the KHQ Super Alert. ASIC commenced several proceedings against AFS licensees this week, including an interesting proceeding alleging failure of duties because of inadequate cybersecurity. Also, the AAT determined a case concerning grandfathered account-based pensions. ASIC – Federal Court proceedings commenced On 21 August 2020, ASIC announced that it … Read more

Dover Financial – lessons for authorised representatives

Corporate & Commercial

Posted By on 25/06/18

By Clea Cole (Lawyer) and Venn King (Special Counsel) Ongoing investigation by the Australian Securities and Investments Commission (“ASIC”) into Dover Financial Advisers Pty Ltd (“Dover Financial”, one of Australia’s largest financial planning businesses) has highlighted the risks associated with financial planners becoming authorised representatives under another party’s Australian financial services licence (“AFSL”). An “authorised … Read more