Hi There

What a week with the shocking news of the attempted assassination of Donald Trump on Saturday. So sad to learn about the loss of former fire chief Corey Comperatore, 50, and the injuries sustained by two others - challenging times. Fingers crossed the incident doesn't encourage further attempts on Trump or Biden, the US is unstable enough as it is!

Back in Straya, FAR and BDFO are the main news this week, with final legs & regs being released. See below for the latest news and events plus an interesting article in HBR comparing the career paths of women vs men post their Harvard Business School MBA.

Cheers

Sarah

Mayflower CEO

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NEWS & VIEWS 

Industry responds to DBFO passage following controversy over s99FA - Super Review. SP - no-one is completely happy of course, but it's a good start!

DBFO bill passes, tranche 2 unlikely soon - Independent Financial Adviser

Greens’ criticism of DBFO bill offers little support for advisers - Professional Planner. SP again - sometimes I think the Greens live in la-la land...

ATO flags important super changes for FY25 - Accountants Daily

Home ownership and super of highest concern for clients - Independent Financial Adviser

ASIC and APRA issue final rules and information for the Financial Accountability Regime - ASIC

ASIC, APRA provide FAR update - Financial Standard

ATO releases update to pension ruling which may lead to increased costs - SMSF Adviser

Industry demographics create a super fund challenge for the ages - Professional Planner

APRA tightens regulations on Fiducian over data accuracy concerns - Super Review

NOT SO FAR AWAY 

Last week, APRA and ASIC released the final rules and information for the Financial Accountability Regime, including updated key functions and descriptions for the insurance industry and RSEs. Other resources included instructions for reporting forms and templates for accountability statements, which should hopefully aid entities meet their obligations. All insurance and RSE entities subject to FAR should review the latest information. A consolidated page for these industries has been set up here.

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UPCOMING EVENTS 

RETHINK WHAT YOU "KNOW" ABOUT HIGH ACHIEVING WOMEN

A survey conducted on Harvard Business School graduates provides valuable insights into the post-graduation journeys of both women and men. On the occasion of the 50th anniversary of women being admitted to the MBA program, the authors, set out to learn what HBS graduates had to say about work and family and how their real experiences compared to ideas like 'women take time out for child raising'.

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