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Showing 111 - 120 of 515 results for "Powers"

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 ...

YFYS on its way to Senate

KANIKA SOOD | FRIDAY, 4 JUN 2021

... The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck welcomed the culling of government's powers, but said the bill still had flawed measures. "The amendments to the bill don't change the fact that this piece of legislation ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA | MONDAY, 24 MAY 2021

... is proportional to its value to the customer in terms of claims payments. The taskforce supports APRA's intervention powers in the sector. APRA gave life insurers another year to have the new measures for IDII in full force by 1 October 2022. Formed ...

Fund manager hit with serious charges

KARREN VERGARA | FRIDAY, 21 MAY 2021

... affairs. The court determined that Holly Grofski, the fund's investment and risk management director, carried out her powers and discharged her duties dishonestly or recklessly. In the second charge, she gave false information to the auditors of ...

Labor to push for YFYS stapling amendments

KANIKA SOOD | WEDNESDAY, 19 MAY 2021

... Lastly, it will push for the Best Financial Interest Duty to include a materiality threshold, and to remove the directions powers. "Absolute crock, unnecessary extraordinary overreach. And it will usher in an era of red tape and bureaucracy that has ...

Aussies regret ERS withdrawals: AIST poll

KANIKA SOOD | TUESDAY, 18 MAY 2021

... gender super gap, Treasury's proposed changes to proxy voting, and the Your Future, Your Super reforms' "ministerial powers" to ban investments. She noted that while SG will increase to 10% from July 1, the government hasn't publicly affirmed ...

Advice practices set to benefit from tax cuts

KARREN VERGARA | WEDNESDAY, 12 MAY 2021

... businesses in dispute with the ATO will get a fairer go. The Administrative Appeals Tribunal (AAT) will now have greater powers to pause or change debt recovery actions applying to a small business in dispute with the ATO. "Small businesses disputing ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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