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Showing 91 - 100 of 718 results for "Misconduct"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... already took "significant steps to remediate the harms caused by its failures and that it has, since identifying its misconduct, significantly uplifted its obligations and incident management systems and processes in an effort to ensure this conduct ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... under the reportable situations regime, which requires a prompt identification, fixing, and reporting of potential misconduct. "ASIC's proposed additional relief aims to reduce the reporting burden on industry while still ensuring that ASIC receives ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... public messages about our findings. Where appropriate, we will take enforcement or other regulatory action against misconduct," ASIC said. Meantime, ASIC addressed concerns over how advisers and licensees are prepared for the use of artificial intelligence. ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... Alan Kirkland, who also spoke at the event, said one of ASIC's key priorities this year is to curb financial advice misconduct that is occurring at an "industrial scale". "Our ongoing investigation into the Shield Master Fund is one such example - though ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... the government will launch a review of the scheme. The CSLR was introduced to provide victims of financial services misconduct with access to redress and compensation within the scope of the scheme, after all other avenues have been exhausted. Compensation ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... expenditure management. At the same time, APRA cracked down on Cbus' trustee in response to allegations of "serious misconduct" within the Construction, Forestry and Maritime Employees Union (CFMEU), which has three directors on the fund's 14-member ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... Albanese government is directing Treasury to undertake a comprehensive review of the CSLR to ensure victims of financial misconduct have a sustainable avenue for redress. "This is all about ensuring the scheme remains sustainable into the future for ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... affordable, the answered it received was: "Any cost that financial advice licensees face from CSLR is a direct reflection of misconduct and insolvencies occurring within the sector. The Advice sector can reduce those costs by doing [what] it can to eliminate ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... the Tax Practitioners Board (TPB) against disqualified tax agents in three separate cases. All three cases relate to misconduct on the part of tax agents, including making false and misleading statements, and breaching honesty and integrity obligations ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... entity for the Shield Master Fund, the assets of which were frozen by ASIC in June while it investigated potential misconduct. It initially placed stop orders on the product in February this year. ASIC believes that since February 2022, more than $480 ...