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Showing 1011 - 1020 of 1680 results for "Breach"

Fatigue and profit-based incentives driving risk culture

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
... industry body's analyses of a study conducted by Macquarie University shows employees are less able to resist temptation to breach policy if they are tired. It indicates the industry must take better account of cognitive load by considering automating ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

Super funds must address climate risk: Market Forces

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
The superannuation industry's failure to disclose evidence they have considered climate risk in their investment portfolios has left them vulnerable to legal action according to a financial services activist group. Analysis provided by Market Forces ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... product, the additional information required from an adviser when replacing one product with another was not present - a breach of section 947D of the Corporations Act. In addition, the regulator stated there appeared to be a lack of detailed enquiry ...

DomaCom to ease issue of retirement funding

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
... owns a residential property rented by a related party; and that the DomaCom Fund is one widely held trust and does not breach the sole purpose test. A case management hearing is scheduled for 8 August at which an actual hearing date will be set. If successful ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... before transferring ownership or control of a licensee to operate a fund. Making directors of superannuation funds who breach their duties to members subject to the same civil and criminal penalties as directors of ordinary managed investment schemes ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... recourse borrowing arrangements (LBRAs) to fund the purchase of real property. This advice was deemed by ASIC to be in breach of the FOFA reforms. Atkins was a representative of Westpac subsidiary Magnitude Group from May 2015 to December 2015, prior ...

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
Fifteen per cent of superannuation trustees needed improvement in the disclosure of information on super fund websites according to Australia's corporate regulator. ASIC recently wrote to 21 superannuation trustees who failed to meet "Transparency Information" ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... 'strong sanctions'. These could consist of a formal warning, a compliance audit, written acknowledgement of a compliance breach to customers and publication of said breach on both the insurer's and the FSC's respective websites. FSC chief executive Sally ...