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Showing 91 - 100 of 515 results for "Powers"

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... metrics compared to just under a quarter of large funds over $50 billion in size. APRA has confirmed it's seeking greater powers to force mergers and as such KPMG expects upward consolidation trends to continue for a number of years. Of note, over 2020/2021 ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... office's report is a damning indictment on the tax office compliance activity, finding it failed to use all its collection powers, does not have enough resources to proactively hunt those ripping workers off." ISA chief executive Bernie Dean said: "Yet ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... "When these obligations are not met, AUSTRAC will not hesitate to draw on our range of regulatory tools and enforcement powers to maintain public confidence in Australia's financial system." In a statement today, NAB chief executive Ross McEwan commented ...

ASIC consults on FSCP sittings

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... March 28 to provide a submission. The passage of the Better Advice Bill gave the FSCP its own legislative functions and powers, which took effect on 1 January 2022, to address financial adviser misconduct. The panel in February named 31 part-time members ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... ability of certain investors to access advice in the lead up to a vote could limit their ability to exercise their oversight powers."

Mine unions pressure funds over Rio

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... by super fund investors. The WMWA has written to 13 super funds which invest in Rio Tinto, asking them to exercise their powers as shareholders to act on the report. The independent report was recently released by Elizabeth Broderick and Co. It found ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue to exercise its powers to ensure RSE licensees are doing right by members. Throughout the year, APRA's supervisors will target trustees identified ...

Insto investors tempted by crypto

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JAN 2022
... footprint of Bitcoin and other currencies. In the US, the Securities and Exchange Commission is pushing to be given increased powers in policing crypto trading, lending and platforms. According to the survey, if this were to happen, 73% of professional ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... case in which the Court has imposed a civil penalty on a licensee for failing to report breaches to ASIC since new penalty powers were introduced in 2019.

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... line with what is happening overseas. The UK's Financial Conduct Authority (FCA) announced that it intends to test its powers to the limit and use criminal powers, taking on a bolder appetite in dealing with serious misconduct. Herbert Smith Freehills ...