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Showing 101 - 110 of 515 results for "Powers"

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... offer to acquire PAF. This was subsequently announced to the market on September 15. Also on this date, PGF had voting powers of 19.96%, while Moore had 8.51%, but were not disclosed in PGF's prospectus. Moore then acquired additional PAF shares ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... too many (often not very different) products to choose between," she said. Also reflecting on its increased supervisory powers in superannuation at the event, ASIC chair John Longo spoke of trustees causing significant consumer harm. Misconduct ASIC ...

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
... asked the Council of Financial Regulators (CFR) to prepare a report on this matter, drawing upon the information gathering powers of the Australian Prudential Regulation Authority and the input of relevant experts from across the CFR, including the Reserve ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
The regulator is seeking support from government to extent its product intervention powers on contracts for difference (CFDs) until they are revoked or sunset in 2031. The product intervention order will expire on 23 May 2022 unless it is extended with ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... was most likely to be decided in the firm's favour," Locke said. On more than 200 occasions in 2020/21 AFCA used its powers to refuse to continue considering a complaint because of a representative's conduct. AFCA works directly with the complainant ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... think though each super fund will be very different in the way it does it, and very few actually hand all of their voting powers to a single entity," she said. MP Andrew Leigh said the Hayne Royal Commission criticised ASIC for being slow to act on emerging ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... regulator said it will act on this by committing to providing clear guidance and communication on how it will exercise its powers and enhance cooperation with other regulators, amongst other things.

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
The federal government is expecting ASIC to tone down its regulatory powers even though the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations ...

Future Fund boasts 22.2% returns

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... changes in the nature of work and in household use of technology." "It has heightened pre-existing tensions between global powers. It has led to more extreme forms of monetary policy and even more expansive fiscal policy. It has accelerated the rise ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... use of the full range of regulatory tools available to enhance trust in the financial system, and we will exercise our powers consistently, transparently and proportionately." Internally, ASIC will enhance communication and engagement with stakeholders ...