Andrew Bradley

Sep 13, 2024 | fssuper.com.au | Michael Vrisakis |Maged Girgis |Andrew Bradley |Tamanna Islam |Hartley Spring

This paper explores and seeks to demystify intrafund advice (IFA) and to provide well-needed legal illumination. It does so by identifying the key legal building blocks that need to be considered to properly understand intra-fund advice. ASIC guidanceThere is not a plethora of guidance around the nature and parameters of intra-fund advice.

Jul 5, 2024 | lexology.com | Michael Vrisakis |Maged Girgis |Andrew Bradley |Hartley Spring |Isabel Chong

On 4 July 2024, Treasury agreed to make further amendments to the proposed section 99FA of the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act) in the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024 (Cth) (Bill), significantly decreasing the proposed regulatory burden on superannuation trustees regarding when they may deduct financial product advice fees from members’ superannuation.

Feb 13, 2024 | mondaq.com | Michael Vrisakis |Maged Girgis |Andrew Bradley |Tamanna Islam

Increasingly, ASIC has sought to hold product issuers responsible for the conduct of other entities down the distribution chain. The recent case of ASIC v Diversa Trustees Limited [2023] FCA 1267 (Diversa) is an example of this. In this edition of Regulatory Rumbles, we explore this trend and examine the legal bases for holding product issuers responsible for the distribution conduct of their representatives, service providers and other intermediaries in the distribution chain.

Oct 31, 2023 | mondaq.com | Fiona Smedley |Michael Vrisakis |Charlotte Henry |Andrew Bradley

Following months of heightened scrutiny on target market determinations (TMDs) across the financial services sector, we are seeing signs that ASIC has shifted its focus on broader product and distribution governance under the DDO regime. In particular, ASIC has started issuing statutory notices and asking questions as part of a thematic review into how issuers and distributors are complying with their reasonable steps obligations.

Oct 30, 2023 | lexology.com | Fiona Smedley |Michael Vrisakis |Charlotte Henry |Andrew Bradley |Andrew Eastwood |Yorick Ng | +2 more

Following months of heightened scrutiny on target market determinations (TMDs) across the financial services sector, we are seeing signs that ASIC has shifted its focus on broader product and distribution governance under the DDO regime. In particular, ASIC has started issuing statutory notices and asking questions as part of a thematic review into how issuers and distributors are complying with their reasonable steps obligations.