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Showing 1171 - 1180 of 3078 results for "Corporation"

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes. In a media release on Sunday, Treasurer Josh Frydenberg said criminal penalties were set to double in some cases, while civil ...

Advisers gain FASEA credits for existing qualifications

HARRISON WORLEY  |  SUNDAY, 14 OCT 2018
In his maiden speech to the financial advice industry, Assistant Treasurer Stuart Robert has revealed some advisers will receive up to four credit units of recognised prior learning under FASEA's new education requirements. Addressing delegates ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The Finance Sector Union has welcomed the release of Commissioner Hayne's interim report, labeling it an important first step in reforming the financial services industry. FSU national secretary Julia Angrisano said the union agrees wholeheartedly ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ...

JCP appoints executive chair

KANIKA SOOD  |  MONDAY, 24 SEP 2018
... for its $80 billion in assets from June 2015 to April 2017. Prior to this, he was in a similar role with SAS Trustee Corporation (NSW State Super) until its merger with TCorp in June 2015. He spent 19 years at AMP Capital Investors, including as the ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
A $52 billion industry superannuation fund admitted to inadvertently breaching the Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making ...

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 ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
The Administrative Appeals Tribunal decided a former OnePath financial adviser who was permanently banned by ASIC did not engage in misleading or dishonest conduct. ASIC announced it permanently banned Robert Hutchison on 11 June 2017 for double charging ...