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On behalf of the friendly societies industry, the Friendly Societies of Australia (FSA) has lodged a submission with Treasury responding to exposure draft legislation which is intended to remove the current exemption that funeral expenses have from being regulated as a financial product. To view a copy of the FSA’s submisison, please click here.

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Maintaining and enhancing taxation incentives which encourage more Australians to invest their funds with friendly societies are the key points contained in the 2019-20 Friendly Societies of Australia (FSA) Pre-Budget Submission. Currently, FSA members provide investment products, financial services, health care, retirement living, aged and home care services to more than 800,000 members. In the submission,…

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The friendly societies industry is supportive of a second tranche of draft legislation which is seeking to implement the recommendations contained in the Report on Reforms for Cooperatives, Mutuals and Member-owned Firms by Mr Greg Hammond OAM (the Hammond review). On behalf of the industry, the Friendly Societies of Australia (FSA) has been working with the Business…

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