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Showing 91 - 100 of 849 results for "Code"

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... credit contracts that involve unreasonably high fees," ASIC said. "These exceeded the cost caps imposed by the National Credit Code." As a result, these orders have been effective in reducing the risk of significant harm resulting from these types of ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
... Financial Advice Association Australia (FAAA). As a licensed financial planner and member of FAAA, Campbell is bound by a Code of Conduct to act with integrity, objectivity, and fairness, Korolak said. "As a result of this litigation, a complaint has ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... materials that articulate the different premium types and when these might increase," the regulators said. "The Life Insurance Code of Practice also requires life companies to explain how premiums may change at point of sale and each policy anniversary." ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... unblemished record. Other arguments included that Townshend was under the impression that independence requirements laid out in the Code of Ethics "did not apply to SMSFs because the relevant provisions appear on their face to be directed to members ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... government taking no action and allowing the use of genetic testing results to continue to be governed by the Life Insurance Code of Practice, now overseen by the Council of Australian Life Insurers (CALI), and the Disability Discrimination Act 1992. ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
As small financial institutions buckle under macroeconomic pressures, it is a fine balancing act to ensure that they don't suffer unnecessary regulatory burdens to avoid a similar scenario in the US with the collapse of regional banks, APRA says. ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... Australia chief executive Maria Lykouras told yesterday's AFR event. With increased education standards, the focus on the code of ethics, uplift in some of the legislative requirements, Lykouras said that it puts JBWere in a "strong position now ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Life insurers and superannuation funds continue to pin systemic issues on administrative and legacy systems that have drawn customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
From tomorrow, the responsibility for the Life Insurance Code of Practice (Life Code) will transition from the Financial Services Council (FSC) to the Council of Australian Life Insurers (CALI). Launched last year, CALI is the brainchild of a collective ...

Islamic Finance & Investments Association launches

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... we are proud to launch the association to advance and progress the industry as well as set the standards of professional code of conduct to raise the commitment to risk and compliance," Gillespie said. "We look forward to growing IFIA for the wider benefit ...