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Showing 111 - 120 of 521 results for "Powers"

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 ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... trigger an extraordinary general meeting to amend the association's constitution and change the board's policymaking powers. When it came to the EGM in October 2016 however, then LICG lead Mark Dunsford attempted to withdraw the motion. He was ...

Mirae appoints local chief executive

ANNABELLE DICKSON  |  TUESDAY, 13 JUL 2021
The $280 billion Korean asset manager has appointed the former chief executive of ETF Securities to lead its Australian office and a former Coolabah executive to head operations. Kris Walesby has joined as chief executive for Australia and Oliver Reynolds ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... and the Reserve Bank of Australia (RBA) previously handed a report to government with recommendations to increase their powers to intervene to manage a crisis and pre-emptively identify and manage risks. FMIs are the entities that enable and facilitate ...