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Showing 1161 - 1170 of 3918 results for "law"

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
... and we will continue to pass the benefits of these deductions onto you," the fund said. The fund is also removing the family law split fee and contribution splitting fee, which are currently charged at $50 and $60 per split, respectively. Having recently ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

Calls to axe TPB for financial advisers

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... financial planners, setting mandatory professional standards, investigating potential breaches of mandatory standards and law, and applying discipline," De Gori said. "A number of these functions currently exist in other government agencies, including ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... financial planners, setting mandatory professional standards, investigating potential breaches of mandatory standards and law, and applying discipline. "A number of these functions currently exist in other government agencies, including FASEA, ASIC and ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... ASIC commissioner Cathie Armour said protecting client funds is critical to investor confidence and market integrity. "The law is very clear about the uses of client money to provide certainty and transparency for clients and licensees. Breaches of these ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... senior associate at Gilbert and Tobin and also served as principal - taxation at EY. She is a member on a number of of the Law Council of Australia's committees, the ATO not-for-profit Stewardship Group and the Advisory Committee for the Board of Taxation. ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... liquidation. ASIC deputy chair Daniel Crennan said the decision sent a strong message to those who would seek to break the law. "AGM, OTM and Ozifin engaged in systemic unconscionable conduct, targeting unsophisticated investors and harming vulnerable ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal. The research, provided by Finbold, listed the top 10 biggest fines paid by global banks with US institutions ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... are hearing from licensees that they don't want their advisers in that space," she said. Metz said there is nothing in the law stopping advisers from offering scaled advice but thinks there is a misapprehension that the corporate regulator will crack ...