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Showing 1291 - 1300 of 7378 results for "Consumer"

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
In a win for financial advisers, the Design and Distribution Obligations (DDO) regime will scrap the nil-reporting rule. In the Updated amendments to the design and distribution obligations document released by Treasury, advisers will no longer be required ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... and/or fixed-rate period expired. The matter will next be heard in November. This is the first criminal prosecution under consumer protection provision s12DB of the ASIC Act. In February, Bank of Queensland moved to acquire ME Bank from the industry ...

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
A major Canadian pension fund has taken a 33.4% stake in the Greenstone, the Sydney-based distributor of several retail insurance brands. Ontario Teachers' Pension Plan Board has reached an agreement to acquire the stake from fellow Canadian pension ...

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
Papua New Guinea's consumer regulator, the Independent Consumer and Competition Commission (ICCC), has denied Westpac's sale of its Pacific business to Kina Securities. Kina Securities was set to pay $420 million for Westpac Fiji and 89.91% of Westpac ...

Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
... because delaying "taper" would convey a sense of panic from the RBA that, in turn, would set a vicious cycle of weaker consumer confidence and spending, reduced business revenues and profits and therefore, delayed and/or decreased investment in plants ...

Vanguard Australia appoints new managing director

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... the international leadership team. Prior to joining Vanguard, he was a finance director within GE Capital Australia's consumer finance division. In all, he spent 11 years at GE across different geographies. Vanguard also confirmed its superannuation ...

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
... Ian Klug said. "Over 88% of consumers have high levels of trust in their tax practitioners - we need to protect this consumer confidence, especially at this time of the year when people's tax affairs are often at the forefront. If you know someone doing ...

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... proved to be significant breaches. ASIC deputy chair Karen Chester said: "Today's remediation tally reveals how much consumer harm these delays caused, and ultimately at great cost to those firms." "The new obligations will help firms identify and act ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... reporting of system issues require additional effort along with data capture and integration. "IDR is an integral part of the consumer protection framework in Australia. Consumers are entitled to expect that their complaint will be heard within a reasonable ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...