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Showing 1201 - 1210 of 3496 results for "compliance"

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... not purely commercial ones." The reforms cover three key areas; including a new national security test, strengthened compliance and integrity framework and a streamlined approval process for passive investments. The first will see all foreign investors ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Association of Australia's latest policy proposal. The FPA wants to see AFSLs only responsible for the oversight of product compliance, rather than being responsible for the regulatory compliance of individual financial advisers. Instead, the FPA envisions ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
... "The MySuper index has fallen back only to where it was 12 months ago." Rainmaker executive director of research and compliance Alex Dunnin said that while the nation had fallen into recession, the super's performance results should spur members of MySuper ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
... consideration decisions already taken and announced, the level of direct managerial responsibility or accountability for the compliance failures, and the level of culpability for failings," King said. "While the compliance failures were serious, the ...

NowInfinity founders depart following acquisition

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
The founders of corporate compliance and documentation platform NowInfinity will depart the business following its integration with SMSF platform Class. Amreeta Abbott and Vitalii Symon will step aside to pursue other projects after the platform was ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... professional standards set by FASEA, including passing the professional exam, meeting the education standard and ongoing compliance with the ethical standards. "The regulation of financial advice is currently tied to the recommendation of a financial ...

Magellan to use BasisCode for trading compliance

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
Magellan Financial Group will use Atlanta-based BasisCode Compliance LLC as the provider of its personal trading system. Magellan will implement BasisCode's Essential, Personal Trading Manager and Insider Trading Manager products. The ASX-listed fund ...

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... Spectrum - once home to close to 100 advisers. ASIC surveillance identified serious concerns about the licensee's compliance with its obligations as an AFSL, failing to do all things necessary to ensure financial services provided were done so efficiently ...

Industry fund appoints administrator

HARRISON WORLEY  |  TUESDAY, 2 JUN 2020
... "higher-value" services for members. Iress said the automated service helps funds reduce manual processes and their associate compliance and business risks, while providing members, employers, advisers and the fund's service teams with real-time access ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... maintain the required competence and resources to provide the financial services covered by their licence and have robust compliance procedures in place to ensure ongoing compliance with their licensee obligations." Under the Corporations Act, ASIC has ...