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Showing 1281 - 1290 of 3496 results for "compliance"

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... Kelaher, former IOOF chair George Vernados, chief financial officer David Coulter, general manager of legal, risk and compliance Paul Vine and general counsel Gary Riordan. APRA's legal proceedings, however, were unsuccessful with the Federal Court finding ...

First State hires from CBA

ELIZA BAVIN  |  TUESDAY, 25 FEB 2020
... $105 billion super fund's new chief risk officer, having previously been responsible for leading CBA's global compliance function. She replaces Suzette Thurman who stepped down from the role last October. Prior to that Couchman was the global ...

SMSF Association reaffirms ATO partnership

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... professionals and trustees through partnership education programs and to allow the ATO improved ability to manage SMSFD compliance by supporting trustees.

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... enforcement powers. Additionally, after ATO enforcement action on SMSFs, a significant portion of those SMSFs' subsequent compliance was below the level of the general SMSF population. "So our enforcement was, in effect, ineffective," Fleming said. "I ...

Art, rare coins cause issues for SMSFs

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
At the SMSFA Conference a question around rare coins and artworks held in an SMSF sparked serious compliance concerns. Super Sphere director Belinda Aisbett, Elite Super director Katrina Fletcher and ATO director Kellie Grant hosted a discussion panel ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... out ASIC's views on what the best interests duty provisions require and steps that can minimise the risk of non-compliance," it said. Industry stakeholders have been invited to provide submissions touching on the factors considered most relevant ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... year AUSTRAC applied to the Federal Court seeking civil penalty order against Westpac relating to "systematic" non-compliance with the Anti-Money Laundering and Counter Terrorism Act on over 23 million occasions. The bank said in response it has established ...

Netwealth leads the platform pack

ALLY SELBY  |  TUESDAY, 18 FEB 2020
... award', for its digital portfolio manager product, which it said, helps advisers deliver affordable, scalable advice. "Compliance, admin and paperwork continues to be a major burden for financial advisers from a time and cost perspective, preventing ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... the ownership and valuation of fund assets, lease agreements, whether transactions were on an arm's-length basis, and compliance with personal use and collectable asset rules. The regulator said he also issued an audit report in an incorrect form, and ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... customers were treated poorly," NAB chief executive Ross McEwan said. "Customer-related remediation programs and regulatory compliance investigations (including associated enforcement actions and class actions) are continuing, with potential for additional ...