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Showing 1321 - 1330 of 3498 results for "compliance"

Sunsuper welcomes new board directors

ALLY SELBY  |  FRIDAY, 10 JAN 2020
... currently the chief financial officer for the Australian Workers Union in Queensland, and formerly served as a finance and compliance officer for the Australian Services Union. Sunsuper chair Andrew Fraser welcomed the new appointments. "Wood and Goodey ...

Faith-based super fund increases fees

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... fees charged to members as a result of rising administrative costs due to not only regulatory changes but Sharia law compliance. The cost of Sharia law compliance was addressed in a significant event notice to members, notifying them of the admin fee ...

JANA dragged into Rest legal stoush

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
... documents stating that Rest should provide: "Agendas, minutes of meetings and all documents placed before the Audit Risk Compliance Committee and board evidencing consideration of any amendments to the RMS relating to climate change." McVeigh's legal ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... time-being. The sale price could also come down if any advisers are terminated within an 18-month period post-sale or if compliance issues prior to completion of the sale result in a reduction in revenue streams. As part of the agreement, Sequoia Group ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... figure in 2020. The regulator also identified room for improvement with its fourth KPI; streamlining and coordinating compliance and monitoring approaches. "APRA maintained strong working relationships with Australia's key regulatory agencies throughout ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... found internal Westpac reviews, including an internal bank investigation in 2010, raised concerns about Sinha's compliance history. Despite this, he continued to receive several 'high achievement' ratings from Westpac. It was not until 2014 ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... grandfathered commissions and continued reduction in life insurance commissions. We've seen major increases to compliance requirements imposed upon practices, making it more difficult to run an advice business and still turn a profit. And sadly ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... November AUSTRAC applied to the Federal Court of Australia for civil penalty orders against Westpac over systemic non-compliance with anti-money laundering and counter-terrorism laws totaling 23 million contraventions. A case management hearing was held ...

Time-poor advisers to embrace model portfolios

HARRISON WORLEY  |  WEDNESDAY, 18 DEC 2019
... may shun traditional investment management tasks in a bid to spend more time on clients as mounting regulatory and compliance responsibilities take their toll. According to SSGA's Model Portfolio Solutions and the Client Experience report, Australian ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... failed to issue - or issued defective - fee disclosure statements to customers, and did not establish and maintain compliance systems and processes to detect or prevent failures. Additionally, the regulator believes NAB contravened its overarching obligations ...