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Showing 1111 - 1120 of 4750 results for "July 24"

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
The Sunshine State is joining Victoria and the nation's capital in banning the Commonwealth Bank's school-banking program. Queensland minister for education Grace Grace announced her department will not renew its agreement with CBA when it ends on 31 ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
Financial risks of climate change can interact and compound other institutional risks including credit risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide ...

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
The senate economic committee's report on Your Future, Your Super reforms has been delayed by a week, as superannuation funds await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
ASIC has banned a former authorised representative of Aon Hewitt from providing financial services for four years. Andrew Hills has been banned following ASIC surveillance. He was an authorised representative of Aon Hewitt from February 2009 to December ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

Commonwealth seeks to stop bond class action

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
Orders have been made in a case brought against the Commonwealth by a 23-year-old student over climate change risk as it relates to government bonds, as the government attempts to stop the class action. Katta O'Donnell is seeking to hold the Australian ...

ATO quizzed on readiness for stapling

KANIKA SOOD  |  FRIDAY, 9 APR 2021
The Australian Taxation Office yesterday couldn't answer exactly how many stapling-triggered employer checks it expects, but maintained its readiness for a July 1 go-live. Appearing before the Senate Economics Legislation Committee yesterday, ATO ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The $59 billion industry fund is calling on the government to include all superannuation products in the proposed performance benchmarks from the same date and to not commence the rest of the measures until all underperforming funds have been removed ...

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...