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Showing 91 - 100 of 1718 results for "disclosure"

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... financial services industry that ASIC is continuing to focus on greenwashing broadly, in statements to the market, disclosure documents, marketing material and on social media. Industry using social media to promote green claims are not immune from ASIC ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... continue to monitor underperformance notifications and other communications of trustees. Where a failure to comply with disclosure obligations is identified, ASIC will "consider regulatory action if appropriate".

CEFC, Crescent Capital Partners invest in decarbonisation

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 APR 2023
... setting new standards for abatement at the company level while lifting investor confidence via enhanced transparency and disclosure. Lonergan added middle market companies account for a significant portion of Australia's economy as well as the country's ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... consumers out of closed legacy products, reviewing the flexibility of prudential capital requirements and introducing a disclosure regime to allow consumers to compare retirement product features and fees. The final recommendation involves improving ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... a transfer of members to a better fund, not on individual members deciding to leave an underperforming fund. While disclosure is useful, it has been shown repeatedly that many members struggle to take meaningful action," she said. She also noticed that ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... ensure Endeavour complied with its compliance plan, obtained member approval for related party loans, or issued product disclosure statements that complied with law. They also failed to exercise care and diligence, and did not act in the best interests ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... data on online transactions complicating regulatory action. In response, the report emphasised the need for improved disclosure, product design, and product intervention. But currently, retail investors often struggle with disclosures due to technical ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... capital requirements, and calls for the segregation of customer funds. It also establishes auditing, assurance, and disclosure requirements for enhanced consumer protection. For stablecoins, the Bill creates minimum reserve standards, requiring issuers ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... This includes breaching duties of care and diligence, which under section 180 is a civil obligation, and continuous disclosure rules to determine if they were reckless or negligent in any way under section 674 and 674A. ASIC is also examining if there ...