Search ResultsShowing 1 - 10 of 100+ results for "Kenneth Hayne"
APRA to boost staff numbers
HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... as our primary goal." Byers also noted the cases referred to the prudential regulator by Commissioner Kenneth Hayne would continue to be assessed, but do not carry civil or criminal penalty provisions directly. "We continue to gather ...
Technical Services Forum: Keep advisers informed of change
HARRISON WORLEY  |  THURSDAY, 11 APR 2019
... Later, Ash St. legal and advisory director of governance, compliance and regulatory Samantha Carroll recapped Kenneth Hayne's final Royal Commission report, highlighting the biggest lessons for the financial advice sector. Carroll noted ...
Government bans superannuation funds treating employers
KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... provisions, it can be slapped with a fine of up to 2000 penalty units. The Bill brings to life Commissioner Kenneth Hayne's recommendation against treating of employers from the Royal Commission final report. Hayne found legislation on how ...
Banks push to leave vertical integration on the table
HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... banks should be able to return to the model in the future, should they wish to. Despite Commissioner Kenneth Hayne specifically recommending against it , Hanson's bill would force Australia's banks to jettison the vertical integration ...
Financial advice exit a boon for the industry: Poll
KARREN VERGARA  |  MONDAY, 8 APR 2019
... Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration . Hayne said the forced separation of financial advice and companies ...
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 ...
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