Finance company FlexiGroup has appointed Tarek Robbiati as its new chief executive. Robbiati is a former deputy chief financial officer at Telstra Corp and is currently group managing director of Telstra International Group. He is also chairman of CSL-NWM, a Hong Kong mobile operator. Departing CEO John DeLano will consult to the company for the next two years. The Government has released an exposure draft of a superannuation legislation amendment that affects first-home saver accounts (FHSAs). If passed, the amendment will replace the existing capital requirements for applicants seeking authorisation to operate an account. It will also apply the provisions of the Superannuation Industry Supervision Act to persons involved in the management of an FHSA.