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Showing 1071 - 1080 of 3209 results for "Power"

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... going on to make an entirely different order based on the consultation process. ASIC deputy chair Karen Chester said the power is an "incredibly important" addition to the regulator's toolbox. "It allows us to intervene where we are satisfied that a ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... of lockdowns. Have money, will travel. The latest US retail sales report - up 17.7% in May from April - underscores the power of money. Cheaper borrowing costs and money printing from the Fed and trillions of dollars provided under the CARES Act - one ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...

Hold super accountable for miners' actions: Future Super

HARRISON WORLEY  |  THURSDAY, 11 JUN 2020
... "nothing sustainable" about the nation's cultural sites being destroyed in pursuit of profit, and added super members had the power to switch their retirement savings to funds which don't invest in companies which do so. "As the rest of the world has ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...

Sam Henderson in court over phantom degree

KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
Sam Henderson's claims he had a Master of Commerce to prospective clients has seen him charged with dishonesty offences, with ASIC referring the case to the public prosecutor. ASIC this afternoon announced Henderson has been charged with three counts ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... next two years," Pham said. "With the increase in retail consolidation and online presence, we expect that the shift of power will move from the landlord towards the tenant. With this, we expect that there will be a rebasing of rents and shorter lease ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
Hamilton Blackstone Lawyers managing director Cristean Yazbeck has argued that ASIC is mainly concerned with its own reputation and the media releases it can put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... announced he would have fresh powers to "call-in" an investment if it creates a national security risk, including a "last resort power" to vary or impose conditions or force a divestment in exceptional cases. This could include when there is a "material ...