Search ResultsShowing 11 - 20 of 100+ results for "Kenneth Hayne"
APRA receives new super powers
KARREN VERGARA  |  FRIDAY, 5 APR 2019
... best interests duty. He added the new law was another example of the Government taking action on Commissioner Kenneth Hayne's final recommendations. This includes Recommendation 3.6, which extends civil penalties to superannuation fund ...
Budget: RC response to cost over $600m
HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... independent authority set to oversee their conduct over the next three years, as recommended by Commissioner Kenneth Hayne. The Budget also reveals APRA's capability review - which Hayne insisted the Government carry out "as soon as reasonably ...
Treasury proposes standardised default insurance definitions
KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by ...
ASIC dismisses Royal Commission insider trading reports
ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... the Labor party suggested insider trading was responsible for bank stocks rising immediately on the back of Kenneth Hayne's report. Senator Peter Whish-Wilson asked if ASIC was investigating "whether there was any irregular trading on 4 ...
Frydenberg takes action on banning grandfathered commissions
HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...
ClearView defends risk advice commissions
KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering ...
Indigenous super access needs improvement
KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... if the work on improving identification procedures is filtering down to frontline staff. Citing Commissioner Kenneth Hayne, Scheerlinck said ATSI people encounter needless difficulties in identification and binding death nominations, and there ...
Zero tolerance approach to poor culture needed
KARREN VERGARA  |  MONDAY, 18 MAR 2019
... zero-tolerance approach can ultimately lead to terminating employment. He takes a leaf from Commissioner Kenneth Hayne's "can we, should we test." In other words, are the actions and behaviours of an organisation legally possible, and ...
NFP super funds rise to occasion post-Royal Commission
KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... were not referred to the regulator for further investigation. Scheerlinck said this move by Commissioner Kenneth Hayne shouldn't be dismissed as it ultimately shone a light on areas for improvement. "All of us need to be aware the practices ...
Mortgage broker trail commissions to stay
KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... not the lender, should pay the mortgage broker a fee for acting in connection with home lending," Commissioner Kenneth Hayne recommended. "Changes in brokers' remuneration should be made over a period of two or three years, by first prohibiting ...
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