In today's episode of Financial Services Online, we discuss the Australian Securities and Investments Commission (ASIC) intensifying its focus on the rapidly evolving private credit market to protect retail investors from high-risk products. A recent case underscores the importance of understanding and updating insurance policy terms to avoid financial consequences. In the education sector, international students have significantly contributed to Australia's economy, but there is criticism about the Australian Bureau of Statistics' data practices used in economic evaluations. Lastly, the Financial Advice Association Australia has released a guide on tax-deductibility of financial advice fees, advocating change in traditional fee structures for improved tax efficiency and simplified compliance. Visit our website for more detailed analysis and insights.
