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Showing 1141 - 1150 of 2507 results for "Legal"

Royal Commission interim report released

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... was contrary to law," the report said. "Passing some new law to say, again, 'Do not do that', would add an extra layer of legal complexity to an already complex regulatory regime. What would that gain?" The summary of the Royal Commission's comments ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... was discovered and investigated. One in seven significant breaches (110 of 715) were reported to ASIC much later than the legal obligation of 10 business days once an incident is investigated and determined as a significant breach. NAB was singled out ...

J.P. Morgan expands derivatives clearing

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... Australian-domiciled clients will now be able to keep all of their AUD and NZD cleared derivatives trades in one clearing house with one legal construct. J.P. Morgan product solutions and client relationship manager for futures and options and OTC Clearing ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
Financial Services Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on ...

NAB cuts bonuses for executives

KANIKA SOOD  |  WEDNESDAY, 19 SEP 2018
... and 300% of fixed remuneration, contingent on business and individual performance. For NAB chief risk officer and chief legal and commercial counsel, the actual variable reward will be up to 180% of fixed remuneration. The variable target for them is ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... disagreed that the clause was a lie, claiming that it communicates the liability of the adviser and - if the document were given legal effect - Dover would be liable for inappropriate advice or that which did not adhere to the best interests duty. Challenging ...

University students to run hedge fund

KANIKA SOOD  |  MONDAY, 17 SEP 2018
... trading, risk management, settlement and middle and back-office functions such as dealing with administrators, auditors and legal advisers. Gallagher says that while the fund is set up for performance, its overarching objective is to provide students ...

FASEA busts dishonest education providers

JAMIE WILLIAMSON  |  FRIDAY, 14 SEP 2018
... adviser exam to be an open-book, multiple choice only assessment purely focused on the FASEA Code of Ethics and explicit legal obligations. The association has further recommended the exam take no longer than three hours to complete. In regards to continuing ...

TAL hired private investigator to follow claimant: Royal Commission

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... and 100 (mental health) income protection claims. TAL said its internal disputes review was improved and sits under its legal team now. Until about 2013, a TAL customer who made an income protection claim was asked to submit every type of medical rep ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... Patersons and FinEx Wealth are acting as co-managers. The boutique will pay $9.4 million in expenses to joint lead managers, legal, investigating accountant, ASX, ASIC for lodgement and others, for the $304.5 million offer. Firetrail deputy portfolio ...