For further details of current issues contact jane.southwell@afsa.com.au
Anti-Money Laundering (AML) Update
The Anti-Money Laundering and Counter Terrorist Financial Act 2006 was passed into law and received Royal Assent on 12 December 2006. For further information, please refer to the Attorney-General's website and the AUSTRAC website
APRA Update
Please see the APRA website for reference to the latest media releases on APRA Prudential Standards and other relevant information for Friendly Societies.
ASIC Update
Please see the ASIC website for reference.
Tax Bulletins
IMPORTANT
NOTE: A Tax Bulletin does not constitute advice. Societies and their investors
are encouraged to seek and obtain appropriate, timely and independent professional
advice prior to making any decisions on the basis of its contents - and
to help meet their respective obligations under relevant tax laws.
Super simplification measures now law 21 March 2007
Communal facilities requirement for retirement villages 7 February 2007
Super simplification - Further Announcements 7 February 2007
WA Stamp Duty on life insurance policies 28 January 2007
ATO "Making it easier to comply" booklet 28 January 2007
Revised Exposure Draft Legislation on Proposed New Accruals Tax Regime 4 January 2007