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Showing 1141 - 1150 of 3918 results for "law"

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against the Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
ASIC has cancelled the AFSLs of two financial services providers, one from Victoria and the other from Western Australia. Victorian financial services provider Jels Financial Group has had its license cancelled by the regulator for failing to demonstrate ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... and Settling Service Statement builds on the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020. The new law, which was introduced in parliament on November 12, will force those providing claims handling and settling services to be covered ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... sponsorships and corporate entertainment, which "risks compromising member outcomes and eroding retirement incomes". The new law will regulate both trustees of super funds and SMSFs, prohibiting certain payments unless certain conditions are met. In ...

Serious financial crime drops significantly

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... to serious financial crime, with the FY2019/20 year saw that drop to 4%. Fintel Alliance focuses the efforts of government, law enforcement and industry partners on projects requiring a public private partnership approach. In most instances, this can ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... exemptions may apply but stressed the fact sheet was providing basic information and does not cover the whole of the relevant law regarding the topic.

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... Australian people are left wondering whether next year's superannuation increase to 12%, promised to them and enshrined in law will be stripped away by this government," ACTU president Michele O'Neil said. "Any further delay to the super guarantee increase ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... as the $450 per month threshold for SG, not receiving super during paid parental leave, practical difficulties with family law and super splitting and no compulsory super for the self-employed, all serve to leave women worse off in retirement."

SEC chair to depart

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... the Commission's policy divisions and offices. Prior to being named as chair of the SEC, Clayton was a partner at financial law firm Sullivan & Cromwell and a lecturer in law and adjunct professor at the University of Pennsylvania Law School. Clayton ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 addresses 20 recommendations from the 2018 inquiry. The new law will prevent the hawking of all financial products - insurance products, superannuation, shares and other managed investment ...