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Search ResultsShowing 91 - 100 of 100+ results for "Regulatory"
CBA in court over RC case studies
ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
ASIC has commenced proceedings against Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ...
Financial regulators poised for action
HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... to take a range of actions to ensure the effective operation of financial markets, including the relaxation of some regulatory requirements and the acceleration of outstanding customer remediation. As COVID-19 impacts global financial markets, Australia's ...
Stand still, get left behind
ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... transparency." He said JANA's advice encompasses the entire organisational value chain covering areas including regulatory and industry trends, benchmark reporting, investment belief statements, ESG and related policies, investment strategy, manager ...
Westpac hit with another class action
ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
Westpac confirmed it has been hit with another class action relating to the AUSTRAC scandal. The class action, brought by Johnson Winter & Slattery, has been filed on behalf of certain shareholders who acquired interest in Westpac securities or equity ...
National Stock Exchange names new chief executive
ALLY SELBY  |  THURSDAY, 12 MAR 2020
... of Western Australia), law, and enterprise (University of Melbourne), with a broad understanding of international regulatory regimes as they relate to securities, payments, anti-money laundering and identity," the National Stock Exchange of Australia ...
ATO cracks down on HNWs
ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ...
Early access to super scheme results in permanent ban
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
ASIC has permanently banned the man behind Superfunded, an illegal early access to superannuation scheme in Perth. Mark Goldenberg was chief operating officer, general manager and property analyst of Superfunded. His scheme enabled people to use their ...
Foreign fund managers granted licensing relief
HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory regime, overseas-based fund managers will be allowed to persuade entities with more than $10 million in net assets to invest ...
Florida fraudster swindles investors out of $60 million
ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
A Florida-based investment adviser scammed at least 30 investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against ...
Lack of independence must be made clear: ASIC
ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
Financial advisers will need to provide every retail client a written statement explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted. The purpose, ASIC said ...
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