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Showing 1051 - 1060 of 1910 results for "Disclosure"

ASIC report highlights insufficient penalties

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... enforcement report. ASIC quotes the record $1.2 million civil penalty imposed on Newcrest Mining for contravening its disclosure obligations. However, it quotes Justice Middleton's remarks when determining the penalty: "It could be argued that even a ...

ASFA supports ASIC electronic disclosure consultation

ALEX BURKE  |  THURSDAY, 22 JAN 2015
... Consultation Paper 224 - Facilitating electronic financial services disclosures. It argued that ASIC facilitating electronic disclosure will assist in the process of providing "clear, concise and effective disclosure of information to consumers of financial ...

ANZ asks for US-style national adviser exam

LAURA MILLAN  |  THURSDAY, 11 DEC 2014
... Australia." The Series 7 exam covers areas such as assessing a customer's risk tolerance, suitability of products, disclosure and ethical standards.

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
... issuing corporate bonds for the retail market should be reduced further by amending the simple bond legislation to make disclosure less complicated, the Inquiry into the financial system has said in its final report. In one of its 44 recommendations ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... responsibility for the design, targeting and distribution of financial products." The report said that mandated product disclosure was not sufficient to allow consumers to make informed financial decisions, with Murray placing the onus on financial firms ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... gauntlets any government has seen in decades. There is no better way to illustrate this than the nuclear option that "disclosure and financial literacy are not enough" and that financial institutions need higher [moral and ethical] obligations to ensure ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... enhance the regulatory toolkit available where there is risk of significant consumer detriment. Facilitate innovative disclosure: Remove regulatory impediments to innovative product disclosure and communication with consumers, and improve the way risk ...

Register to include qualifications, association membership

LAURA MILLAN  |  MONDAY, 1 DEC 2014
... disqualifications or enforceable undertakings; and details around ownership of the financial services licensee and disclosure of the ultimate parent company where applicable. Treasury made the statement public following media information that the register ...

AMP, Vanguard and ASIC join forces to simplify disclosure

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
... 'key facts' sheet and a self-assessment tool to guide investor understanding. "More work needs to be done on short disclosure," ASIC chairman Greg Medcraft said. "Investors tend to turn off when faced with wordy disclosure documents. If they need more ...