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Showing 1091 - 1100 of 3918 results for "law"

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... prioritised in its decision-making, or it appears that a trustee may have failed to meet its obligations under RSE licensee law, APRA is prepared to take a range of actions to safeguard members depending upon the nature of our concerns and bearing in ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... with another lawsuit for allegedly failing to protect more investors from the troubled Woodford Equity Income Fund (WEIF). UK law firm Leigh Day is representing more than 4000 clients who invested in the WEIF, which is now known as the LF Equity Income ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
Westpac's group general counsel & enterprise executive has stepped down and will move to a part-time advisory role. Rebecca Lim has been with the bank for 20 years and in her current role for a decade. She will continue in the role until a replacement ...

Westpac best for ESG reporting in Australia: Report

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
Westpac Banking Corporation has been ranked as among the best in the world for ESG reporting. It was the highest-ranked company in the ASX 50 for levels of transparency on ESG issues, according to the Currie Global ESG Monitor (GEM) study. The positive ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
A senator has argued that super funds should not be able to take short positions or participate in securities lending to short sellers. Queensland Liberal National Party Senator Gerard Rennick delivered an impassioned speech during the Senate debate ...

ACCC merger reforms may impact super industry

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... response to guidelines or directions from other regulatory bodies. However, any such directions do not override competition law considerations." Sims said the current concern around merger laws is that they are too forward-looking and do not consider ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
... where people deliberately seek to exploit the stimulus measures, we will put a stop to it and apply the full force of the law," Day said. As at February 16, $84 billion in JobKeeper payments have been made by the ATO to over a million businesses. The ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... initiative will help it identify and take enforcement action against specific markets and financial services breaches of the law. "ASIC continues to develop and implement new tools to combat and detect misconduct. The Immunity Policy enhances ASIC's ...