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| | | ... them of the CSLR, while consumers are concerned about access to fair compensation when they have been the victims of misconduct. "From our perspective as dispute resolution specialists we can see that the 'win-win' is to prevent complaints in the first ... |
| | | | ... government plans to strengthen the sanctions available to the Tax Practitioners Board (TPB) to protect consumers against misconduct. As part of the Federal Budget, the Albanese government is enhancing sanctions the TPB can impose, modernising the registration ... |
| | | | ... consumer confidence in the financial services industry and encourages professionals from all industries to deter similar misconduct. Prior to his conviction, Shortland was involved in the financial services industry for more than 15 years, he was the ... |
| | | | ... institutions are likely to be more resilient in times of stress, while poor governance can create weakness that leads to misconduct, losses and failures. It's no coincidence that almost 80% of entities subject to heightened risk-based APRA supervision ... |
| | | | ... already took "significant steps to remediate the harms caused by its failures and that it has, since identifying its misconduct, significantly uplifted its obligations and incident management systems and processes in an effort to ensure this conduct ... |
| | | | ... under the reportable situations regime, which requires a prompt identification, fixing, and reporting of potential misconduct. "ASIC's proposed additional relief aims to reduce the reporting burden on industry while still ensuring that ASIC receives ... |
| | | | ... public messages about our findings. Where appropriate, we will take enforcement or other regulatory action against misconduct," ASIC said. Meantime, ASIC addressed concerns over how advisers and licensees are prepared for the use of artificial intelligence. ... |
| | | | ... Alan Kirkland, who also spoke at the event, said one of ASIC's key priorities this year is to curb financial advice misconduct that is occurring at an "industrial scale". "Our ongoing investigation into the Shield Master Fund is one such example - though ... |
| | | | ... the government will launch a review of the scheme. The CSLR was introduced to provide victims of financial services misconduct with access to redress and compensation within the scope of the scheme, after all other avenues have been exhausted. Compensation ... |
| | | | ... expenditure management. At the same time, APRA cracked down on Cbus' trustee in response to allegations of "serious misconduct" within the Construction, Forestry and Maritime Employees Union (CFMEU), which has three directors on the fund's 14-member ... |
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