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| | ... have a process for checking for existing accounts on account creation despite not being required to. Still, ASIC commissioner Danielle Press said the failures identified were troubling. "It shouldn't take an ASIC review for super trustees to comply with ... |
| | | ... kept in suitable accounts, were not held for the required period, or were not properly identified or disclosed. ASIC commissioner Danielle Press explained that, as providers of financial products, trustees have a responsibility to secure incoming funds ... |
| | | ... Super), EISS Super (Pool A), SCS Super (Australian Catholic Superannuation and Retirement Fund LifetimeOne). ASIC commissioner Danielle Press warned trustees that fail the performance test need to get the balance right in their communications and "need ... |
| | | ... Conference of Major Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner Danielle Press and Australian Tax Office (ATO) deputy commissioner Emma Rosenzweig shared a few areas of focus. Rosenzweig ... |
| | | ASIC commissioner Danielle Press pointed out at the Conference of Major Super Funds that retirement products need to be improved and waiting for the Quality of Advice Review (QAR) is not the best strategy. "I think the product piece is important here ... |
| | | ... customers, we will continue to monitor institutions' processes to complete ongoing work in this area," said ASIC commissioner Danielle Press. ASIC said it conducted the two reviews to investigate the extent of failure by the institutions to deliver ongoing ... |
| | | ... will be prepared for an iteration of the performance test for choice products in 2023, Ellis adds. Meanwhile, ASIC commissioner Danielle Press similarly emphasised the need for stronger cybersecurity measures in the financial services sector. "The area ... |
| | | At a hearing this morning, Senator Andrew Bragg called out ASIC chair Joe Longo after he opted not to answer questions about ASIC commissioners investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics ... |
| | | ... fall short of disclosing material business risks in their annual reports, according to the corporate regulator. ASIC commissioner Sean Hughes warned company directors to pull up their socks when it comes to improving the quality of material risks disclosed ... |
| | | ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ... |
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