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Showing 1021 - 1030 of 6073 results for "Commission"

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... Amendment (Your Future, Your Super) Bill 2021 is the culmination of about three years' work of the Productivity Commission and financial services Royal Commission attempting to address "structural flaws in the superannuation system", the explanatory ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... COVID-19 pandemic. The leap comes after a challenging few years, following the Senate Inquiry into Insurance and the Royal Commission. The report found that the industry's overall thriving workplace score leapt to the second highest in 2020, from just ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... on information-sharing and collaboration with peer agencies, particularly the Australian Securities and Investments Commission (ASIC), was also prioritised." Byres said COVID-19 required APRA to adopt a broad perspective when identifying and responding ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
The Australian Securities Exchange is experiencing more technical problems following a glitch that resulted in halted trading on ASX Trade in November. The ASX has notified investors and market participants of delays in market announcements, with the ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... with stories covered improper conduct. The latter related, in the main, to the Australian Securities and Investments Commission's letter to peak real estate bodies asking them to remind real estate agents that they were unqualified to provide financial ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... anyone who can influence the advice process in its submissions to ASIC for Consultation Paper 333 Implementing the Royal Commission recommendations: Reference checking and information sharing.

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...