Abacus provided comments to ASIC on two FOFA related consultation papers: Consultation Paper 182 Future of Financial Advice: Best interests duty and related obligations – Update to RG 175; and Consultation Paper 183 Giving information, general advice and scaled advice.
Australian Bankers’ Association Application for Authorisation A91312 Agreements to reduce ATM fees in remote communities
26 June 2012
Abacus provided comments to the Australian Competition and Consumer Commission (ACCC) in relation to the Australian Bankers’ Association Application for Authorisation A91312 Agreements to reduce ATM fees in remote communities.
GST reduced input tax credit for transactional fraud monitoring
24 February 2012
Abacus has provided comments to Treasury on draft regulations implementing the May 2010 Budget announcement to expand the range of expenses qualifying for a reduced input tax credit (RITC) to include a new item covering "transactional fraud monitoring services".
Abacus has submitted a Pre-Budget submission to Treasury. The submission recommends tax cuts on interest earnings for deposits, equitable treatment of franking credits for mutuals' members and establishment of a financial services inquiry.
Corporations Amendment (FOFA) Bill 2011 & Corporations Amendment (Further FOFA Measures) Bill 2011
09 January 2012
Abacus provided a further submission to the Parliamentary Joint Committee on Corporations and Financial Services' inquiry into the Corporations Amendment (Future of Financial Advice) Bill 2011 and the Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011.