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Showing 1421 - 1430 of 3918 results for "law"

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

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... the bank amounted to "around $.13 million". "So while it's possible to extrapolate and get a very large penalty based on the law, the substance of what's being alleged is materially less," Chronican said. "Obviously it's very late breaking news but we ...

Former Goldman Sachs exec charged over $62m bribery

ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
Former Goldman Sachs managing director Tim Leissner has been charged with bribery in relation to the high profile 1MDB sovereign wealth scandal. The US Securities and Exchange Commission has brought charges against Leissner for allegedly engaging in ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... superannuation when a relationship ends. HESTA chief executive Debby Blakey said dividing superannuation assets through the family law system is unnecessarily complex and often requires costly legal advice. "This results in many women, especially those ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... competence or the resources required to provide the financial services covered by its licence, comply with the financial services law and take all necessary steps to ensure that the financial services covered by its licence are provided efficiently ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
... no denying that Samranvedhya's rational holds... but so does mine. Then again, as economist's jokes go... The first law of economists: For every economist, there exists an equal and opposite economist. The second law of economists: They're ...

Industry fund publicly shames investment adviser

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... is exposed to significant legal, regulatory and reputational risks in North America and Europe due to allegations of labour law and occupational health and safety violations at XPO. "First Super seeks better responsiveness from Orbis around our legitimate ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
About 6000 financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the ...

Bill to defer adviser education standards tabled

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
The bill to defer the education and training standards for existing financial advisers was introduced in the House of Representatives today. The bill was circulated by the authority of Michael Sukkar, minister for housing and Assistant Treasurer. It ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... Commission recommendations, and will provide consumers with further protections from misselling practices now, ahead of wider law reform by government," Hughes said at the time. "Without such a ban, we are concerned that consumers will continue to be ...