Sophie Devitt

Sophie Devitt

DLA Piper

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Treasury releases its submission to the inquiry

The Department of Treasury has released its submission to the Financial Systems Inquiry. The 90 page submission concludes that the financial system has performed well since the Wallis inquiry but there is room for the system...more

4/9/2014 - Australia Treasury

Assistant Treasurer announces measures to address insurance needs of North Queensland

At the Insurance Council of Australia’s 2014 Regulatory Update on Friday 28 February, the Assistant Treasurer announced the development of an aggregator for the North Queensland domestic and strata property insurance market...more

2/28/2014 - Australia Foreign Insurance Companies

Government releases exposure draft for FOFA reforms

The Government has released the draft legislation and regulations to amend the FOFA reforms in accordance with the proposed changes announced by the Assistant Treasurer on 20 December 2013. ...more

2/4/2014 - FOFA Reforms

Financial System Inquiry website launched

The website for the Financial System Inquiry was launched on 30 January 2014. The website contains all the up to date information about the inquiry including the final terms of reference announced by the Treasurer on 20...more

1/31/2014 - Australia

Government announces its proposed changes to the FOFA reforms

As anticipated, the Assistant Treasurer has announced the reforms to the FOFA legislation the government will introduce. The reforms include removing the ‘opt-in’ requirement as foreshadowed pre-election. The reforms also...more

12/20/2013 - Australia Conflicts of Interest Disclosure Requirements Fees Financial Adviser FOFA Reforms Grandfathering Rules Opt-In

Queensland Premier announces initiative to drive down insurance costs in North Queensland

Premier Newman announced the Queensland Government and Federal Government will work together to directly tackle the cost of insurance in North Queensland. ...more

12/3/2013 - Australia Insurers Premiums

Financial system inquiry – draft terms of reference released

The government has commenced its consultation process for the draft terms of reference for its inquiry into the financial system. The inquiry will consider developments in the financial system since the 1997 Financial System...more

11/27/2013 - Economic Downturn Financial Regulatory Reform

Changes to Directors’ Duties in Queensland

Queensland has made some big changes in respect of directors’ liability. More than eighty pieces of legislation are affected. The Directors’ Liability Reform Amendment Act 2013 (Act) was assented to on 29 October 2013 after...more

11/5/2013 - Australia Board of Directors Personal Liability Professional Liability

Financial inquiry and future of financial advice (FOFA) changes on the way (Australia)

The Assistant Treasurer, Arthur Sinodinos, took the opportunity at the Association of Australian Financial Advisers’ National conference this month to announce the government will be undertaking a financial services inquiry....more

10/18/2013 - Australia Financial Adviser FOFA Reforms

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