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Showing 1 - 10 of 403 results for "ASIC commissioner"

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... impacts on individuals, families, and communities - harms that can negatively affect overall community wellbeing, ASIC commissioner Alan Kirkland said.

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... that it will focus its efforts on enforcing the registration regime and take regulatory action where necessary. ASIC commissioner Alan Kirkland said failure to comply could incur significant consequences for unregistered financial advisers who continue ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... investors where we were concerned the offers may be unfair, inappropriate or result in poor investor outcomes. ASIC commissioner Simone Constant said: "Our more proactive approach to identifying and disrupting emerging risks and harms is in response ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
The federal treasurer has named three new commissioners who will spearhead ASIC for the next five years, as incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... 413 SMSF auditors have had their licences cancelled as part of ASIC's recent compliance program. According to ASIC commissioner Danielle Press, in the last year ASIC has acted against 26 SMSF auditors who failed to meet the independence and auditing ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... step up and deliver both well-considered strategies and action to support members in retirement," Cole said. ASIC commissioner Danielle Press reminded super funds that helping members achieve good retirement outcomes is the core business for a trustee ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... The roundtable is expected to be hosted in August and chaired by ASIC chair Joe Longo, who will be joined by ASIC commissioner Danielle Press and incoming Reserve Bank of Australia governor Michele Bullock. ASIC's initiative follows longstanding ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... 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 ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... 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 ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... 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 ...
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