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Showing 121 - 130 of 160 results for "ASIC for"

Third SMSF auditor banned

DARREN SNYDER  |  THURSDAY, 3 DEC 2015
... work closely together as co-regulators of SMSF auditors. The ATO monitors SMSF auditor conduct and may refer matters to ASIC for possible action such as disqualification or suspension of their registration. Earlier this week Abe Samuel and Manoj Abichandani ...

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
TAL Direct's InsuranceLine business has been fined by ASIC for false or misleading advertising. Specifically, the advertising suggested that the Income Protection Plus product provided "illness and injury cover up to 85% of income to $10,000 a month" ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... used to bolster the profits of the major banks and financial institutions," Whiteley said. Financial Standard contacted ASIC for comment, but at time of writing they had made no statement. However, there does appear to be substance behind ISA's warnings ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
The Australian Securities and Investment Commission (ASIC) commissioner Greg Tanzer believes that the regulator "did a pretty good job" in dealing with the Commonwealth Financial Planning (CFP) case that prompted a Senate inquiry into the overall performance ...

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
The financial services industry has welcomed the Finance Minister Mathias Cormann's decision to temporarily freeze the amendments to the Future of Financial Advice (FoFA) legislation, which some stakeholders believe will lead to increased consumer protection. ...

ASIC admits Commonwealth FP investigation was "not adequate"

LAURA MILLAN  |  MONDAY, 5 AUG 2013
Communication with the whistleblowers who revealed poor practices within the Commonwealth Bank Financial Planning (CFP) unit was inadequate the Australian Securities and Investments Commission (ASIC) has admitted. ASIC recently submitted a 18-page document ...

ASIC appoints deputy chairman

LAURA MILLAN  |  FRIDAY, 26 APR 2013
... executive of consumer group CHOICE. The Government also announced that Cathie Armour will be full-time commissioner of ASIC for a four-year period from 3 June 2013. Armour is an executive director and general counsel of Macquarie Capital within the Macquarie ...

ASIC accepts enforceable undertaking from City Index

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
... review the business and develop a plan to rectify the deficiencies. The independent expert is to report regularly to ASIC for the next 18 months, a move prompted by ASIC's surveillance of the company, which found deficiencies in its client money handling ...

ASIC releases draft super benefits calculator guidelines

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... deliver to them. Funds that are concerned they're no longer able to comfortably rely on regulatory relief granted by ASIC for funds estimating member benefits meanwhile forced ASIC's hand to develop a refined policy position, they noted. ASIC said their ...

Keep chasing architects of Trio collapse: Agencies

BEN COLLINS  |  FRIDAY, 8 FEB 2013
... Police and the Crime Commission to continue their inquiries into the fraud, AAP reported. The committee also commended ASIC for helping reach a settlement with the Commonwealth Bank of Australia on compensation costs for the collapse of Storm Financial. ...