Published on 28 Jan 10
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This presentation covers the Ripoll Report findings, recommendations and likely consequences of the recommendations, including:
- how will the abolition of commissions change the financial services industry?
- the values of financial services businesses
- likely approaches to ASIC auditing
- how much difference will a legislated fiduciary duty make, if any?
- how would the proposed MIS capital requirements operate?
- the new professional standards board - how will this interact with ASIC's powers to ban?
Mark is a Solicitor and co-founder of Halsey Legal Services where he practices financial services law and credit law. Prior to this, Mark worked in several roles in the financial services industry over a period of 18 years, including as WA Financial Services Manager for Aviva, a private client adviser for Saw James stockbrokers, State Compliance Manager - WA, for MLC and the WA Financial Services Manager for GIO Australia and Home Building Society, where he managed the Society's household, commercial and consumer credit insurance departments. Mark is a Senior Fellow of FINSIA, a member of ASIC's Financial Services Consultative Committee, and was a member of the Commonwealth Treasury's Consumer Compensation Roundtable in 2007.
- Current at
09 September 2015
After completing her law degree, Fiona worked as a solicitor at Clayton Utz and then Freehills (now Herbert Smith Freehills). She was subsequently a director and in-house counsel at Ernst & Young. In 2001, Fiona and her husband established Halsey Legal Services. Fiona is also a director of Licensee Solutions Pty Ltd, which specialises in Australian financial services compliance. She has been a State Chairperson, State Councillor, National Councillor and Head of the WA Technical Committee for The Tax Institute. Fiona acts in many professional negligence matters, including disputes about professional indemnity insurance. She acts for complainants and defendants in tribunals and courts.
- Current at
15 September 2015