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Showing 1141 - 1150 of 4167 results for "Action"

Modern slavery obligations fall by the wayside: ACSI

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... both their operations and supply chains," she said. The next 12 months will determine whether the act is driving concrete action and continuous effective "box-ticking compliance exercise". "Investors and other stakeholders have a key role to play in ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... credit legislation," the regulator said. A civil penalty applies for non-compliance. ASIC can also take administrative action if parties do not comply with the new protocol, which could include suspending or cancelling a licence or imposing licence conditions. ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... recommendation and the reasons for such recommendations. They urged advisers to keep a file on client conversations and any action the client has agreed to take (for example, reduce living expenses). In April, ASIC extended the temporary measure until ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... investigations resulted in two briefs of evidence being prepared but, following consultation with the CDPP, ASIC said no further action will be taken on these matters. "The CDPP has now determined, on the basis of the available evidence and weighing ...

Astute Wealth alleges copyright breach

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
... Advice is alleging that another fintech has ripped off its proprietary questionnaire and has been forced to legal take action. Astute served a Cease and Desist letter to Lumiant, alleging that it breached "substantial copyright" with respect to its financial ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations and are to ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... repaying customers to the tune of $35 million due to poor telephone sales practices. Following an ASIC intervention and action, OnePath was found to have sold life insurance over the phone between 2010 and 2016 using pressure selling tactics. These tactics ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
... stronger-than-expected economic recovery and the improved outlook by adjusting the weekly amount purchased." In the US, market action was dominated by the rally in the bond market reflecting concerns that the American economy has reached "peak growth" ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... actual filing, said the total number of contraventions was 126. It also said ASIC wasn't, at the time of draft, seeking action against specific people.

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... that IFM Investors had put Tandem Group (a telecommunications company which it owns) into administration due to a class action. Wilson alleged the company was ripping off contractors and employees. Silk confirmed he had questioned IFM on the matter after ...