2006 |
|
14
September |
ASIC
updates policy statement on relief applications to provide
transparency about how it reduces burdens on business (PS 51) |
3 August |
ASIC
releases policy statement which sets out how superannuation trustees
can deliver product disclosure information about investment
strategies to superannuation fund members (PS 184).
|
7 April |
Government releases consultation paper, Corporate and Financial
Services Regulation Review, which contains 56 issues to reduce
further the regulatory and compliance burden for financial services
and associated industries covering the following areas: refinements to
FSR; company reporting obligations; auditor independence; corporate
governance; fundraising; takeovers; collective investments; and
dealing with regulators.
|
2005 |
|
20 December |
ASIC updates policy statement on licensing discretionary powers for
regulation of generic financial calculators (amendments to PS 167 (new
section F))
|
19 December |
FSR regulations on 'refinements to financial services regulation'
(released in draft on 11 October 2005) are registered in the Federal
Register of Legislative Instruments
|
24 November |
ASIC updates FSR licensing kit (version 7) to reduce the amount of paperwork required to be submitted as part of an application for an AFS licence
|
17 June |
FSR regulations on 'common fund' disclosure (released in draft on
19 May 2005) receive Royal Assent |
2 May |
Government releases proposals paper, Refinements to Financial
Services Regulation, which contains 25 proposed refinements to
improve the operation of the financial services regulation framework |
10 March |
FSR regulations on fee disclosure (released in draft on 23 December
2004) receive Royal Assent |
11
January |
ASIC updates policy statement on licensing discretionary powers and
transition matters to take account of licensing relief offered to
securitisation special purpose vehicles (amendments to PS 167) |
2004 |
|
15
December |
ASIC releases policy statement on dollar disclosure (PS182) |
13
December |
ASIC updates FSR licensing kit (version 6) and Small Business Guide
for information that new licence applicants will be required to
provide to ASIC regarding their management of conflicts of interest
obligation (which commences on 1 January 2005) |
30
September |
ASIC updates FSR licensing kit (version 6) |
30
August |
ASIC releases policy statement in relation to conflicts management
(PS 181) |
25 June |
Fee disclosure regulations (batch 8) receive Royal Assent |
2 June |
Parliamentary Joint Committee on Corporations and Financial
Services' Report on FSR regulations 7.1.29A, 7.1.35A and 7.1.40(h)
released. (This report follows on from the Committee's report released
on 25 March 2004.) |
31 May |
ASIC releases policy statement on foreign collective investment
schemes (PS 178) (which replaces PS 65) |
13 May |
Disallowance of superannuation fee disclosure regulations by the
Senate (on 24 March) rescinded |
24 March |
Parliamentary Joint Committee on Corporations and Financial Services'
Report on Corporations Amendment Regulations 2003 (Batch 6),
Corporations Amendment Regulations 2003/04 (Batch 7) and Draft
Regulations - Corporations Amendment Regulations 2004 (Batch 8)
released. |
24 March |
Superannuation
fee disclosure regulations disallowed by the Senate |
15 March |
ASIC
releases policy statement in relation to regulation of managed
discretionary account services (PS 179) |
11 March |
ASIC updates FSR licensing kit (version 5) |
10 March |
Transition
period (which commenced on 11 March 2002) ends |
26 February |
FSR
regulations (released in draft on 24 December 2003) receive Royal
Assent |
2003 |
|
23 December |
Further FSR
regulations receive Royal Assent |
17 December |
Financial
Services Reform Amendment Act 2003 receives Royal Assent |
13 November |
Further
FSR regulations receive Royal Assent |
23 October |
Government
releases final version of proposed amendments to the Financial
Services Reform Amendment Bill 2003 (introduced on 26 June) to be
debated by Parliament |
21 October |
ASIC
updates FSR licensing kit (version 4) |
26
September |
Government
announces that it will move amendments to the Financial Services
Reform Amendment Bill 2003 (introduced on 26 June) when it is debated
by Parliament |
12
September |
ASIC
releases policy statement in relation to wholesale foreign services
providers (PS176 - reissued 17 May 2005) |
26 June |
Government
introduces Financial Services Reform Amendment Bill 2003 |
26 June |
ASIC
releases policy statement on conduct and disclosure obligations for
financial product advisers (PS175 - reissued 13 May 2005) |
12 June |
Regulations
(based on draft regulations released on 12 March and 28 March) receive
Royal Assent |
1 May |
Regulations
(including many of the draft regulations released on 12 March and part
of the draft regulations released on 17 December 2002) receive Royal
Assent |
29
April |
ASIC
updates FSR licensing kit (version 3) |
8 April |
Regulations (to address issues associated with making unsolicited offers to retail investors) receive Royal Assent |
11
March |
Regulations (released
in draft on 13 December 2002) receive Royal Assent |
11
March |
Transition period expires in one year's time (10 March 2004) |
2002 |
|
6 November |
Regulations (released
in draft on 24 September) receive Royal Assent |
23 October |
Senate Joint Committee report on Corporations and Financial Services Regulations and ASIC Policy Statements made under the FSR Act released |
15 October |
ASIC updates FSR licensing kit
(version 2) |
16
September |
Superannuation
disclosure regulations disallowed by Federal Opposition |
14
August |
ASIC
updates FSR licensing kit (addendum to version 1) |
30 June |
Due
date by which licensees must have in place training and supervision
regime in accordance with requirements under ASIC PS 146 for many
who advise retail clients |
27 June |
Regulations
(released in draft on 24 May) receive Royal Assent |
18 June |
Notice of
Disallowance of superannuation product disclosure statement and
anti-hawking regulations given by Federal Opposition in Senate |
14 June |
Further
regulations (released in draft on 16 April and 2 May) receive Royal Assent |
5 April |
Financial
Services Reform (Consequential Provisions) Act 2002 receives
Royal Assent |
11 March |
FSR
begins |
5 March |
Further regulations under second stage of FSR regulations receive Royal Assent |
21 February |
Second
stage FSR regulations receive Royal Assent |
14 February |
Government
introduces Financial Services Reform (Consequential Provisions) Bill
2002 |
1 February |
ASIC
releases FSR licensing kit (version 1) |
2001 |
|
20 December |
ASIC
releases policy statement on financial licensing requirements under
FSR (PS166 - updated 8 November 2002; reissued 13 May 2005) |
28 November |
ASIC
releases 6 policy statements and a guidance paper on implementation of
licensing and product disclosure requirements under FSR (PS146 -
updated 22 January 2003; PS164 - updated 8 November 2002; PS165
updated 8 November 2002 and 2 October 2003; PS167- updated 8 November
2002 and 2 October 2003 and reissued 13 May 2005; PS168 and PS169 -
updated 8 November 2002 and 2 October 2003 and reissued 13 May 2005) |
27 September |
FSR receives Royal Assent, and some parts
commence |
15 July |
Commonwealth's
Corporations Act 2001commences |
5 April |
Joe Hockey introduces FSR
Bill to parliament |
4 April |
Joe Hockey introduces the Corporations Bill
2001 into parliament |
29 March |
NSW passes referral legislation |
2 February |
Joe Hockey threatens to press ahead with FSR,
without the backing of all the states, if necessary |
2000 |
|
22 December |
The Commonwealth, NSW & Victoria agree on
the referral powers; WA says no to the deal |
29 November |
Joe Hockey announces FSR on hold until the
Corporations Law problem is solved |
6 October |
Joe Hockey
(Commonwealth Minister for Financial Services & Regulation) announces FSR delayed until
1 July
2001 |
14 August |
Parliamentary
Joint Statutory Committee's Report on the Draft FSR Bill released |
July |
Public hearings into the
Draft FSR Bill held in Sydney,
Melbourne and Canberra |
11 March |
Parliamentary
Joint Statutory Committee invites submissions to its inquiry into
the Draft FSR Bill. A total of 67 submissions are received (tabled in the
14 August report
above) |
8 March |
Parliamentary Joint Statutory Committee on
Corporations and Securities resolves to hold an inquiry into the draft Bill |
February |
Draft Financial Services Reform Bill released |
