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Showing 111 - 120 of 842 results for "Basic"

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... - is one exception. "[It] doesn't matter whether you're big or whether you're little [entity]. There's a basic standard that you've got to have. You've got to have the right hygiene, [and the] right controls in place, and we expect ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
It may be tougher for wholesale investors looking to the Australian Financial Complaints Authority to help resolve a dispute as the authority tightens its rules on how it assesses their complaints. AFCA will shortly update its operational guidelines ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... than three and a half years after ASIC set upon the business in April 2020 without interviewing Mr Mawhinney or requesting basic data to inform its investigation, including financial statements and asset registers," Mayfair 101 said following the verdict. ...

Financial services marketing is broken: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2023
... penalties, there's nothing more important than ensuring the marketing compliance process is watertight. That starts at the most basic level with robust communication and openness between teams," Wood said. "Auditors would expect to see a three line of ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... unemployment before their date of disablement has been extended from 12 months to 24 months. Another new test is the 'unable to do basic activities associated with work ever again' replacing the earlier six tests that included 'specific illnesses or ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... benefits. This rose a whopping 136% annually. Singh said that many super funds still make it difficult for members to find basic information. "Some of the information still remains obscure. It's very hard to see for example, what your returns were ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... housing. A super profits tax is the fairest way to raise the billions of dollars needed to guarantee every Australian has the basic right of shelter. "By taking back just a slice of exorbitant profits gouged from hard-working Australians, we can transform ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
The $30 billion superannuation fund is firmly in its growth era, consolidating its multiple brands and products and unveiling a new look that it hopes will help achieve its ambitious plan of being "a different type of fund." Two years on from its official ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... treasurer Stephen Jones told an industry event in response to the findings. "Funds should know their members. That's a basic expectation. But the review finds that most funds have identified gaps in the information they need about their members. ...