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Showing 131 - 140 of 521 results for "Powers"

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... actions to rectify and remediate the issues after they were identified. In June last year, APRA delegated certain enforcement powers under the Banking Act to ASIC, which was conducting its own investigation into whether the conduct giving rise to the ...

T. Rowe Price hires ETF consultant

KANIKA SOOD  |  THURSDAY, 11 MAR 2021
The global funds management giant, which does not have an ETF business in Australia, has hired the former boss of an ETF issuer as a consultant. Kris Walesby was the chief executive of ETF Securities for nearly five years, before his sudden departure ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's National Conference via video link ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... or provide guidance updates without facing the undue risk of class actions." At the time, Frydenberg used his emergency powers to allow public companies to confidently provide earnings guidance, and other forward-looking statements in light of COVID-19 ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...

IFM to acquire energy company

KARREN VERGARA  |  WEDNESDAY, 3 FEB 2021
... billion. QIC consortium partner Ullico meanwhile have acquired 100% of Enwave Energy US, the American unit of the group which powers more than 400 buildings across the country. The combined transaction is worth US$4.1 billion. Based in Toronto, Enwave ...

Chief economist update: East and west at crossroads

BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
... submission and Australia is correct to stand its ground. But as the US-China trade war proved, directly antagonising the powers that be in China will only increase the dragon's aggression. If the mighty US cannot make China kowtow to its wishes ...

Why has ASIC still not got a chief executive?

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... since added a chief operating officer role, but a chief executive or head of office role still doesn't exist. "Obviously my powers of persuasion aren't what I would have liked [or] thought they would be," Chester said, in response to Patterson's question ...

Fintechs to merge

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
... platform responsible for the secure interaction of tax and super data for over 15% of Australia's working population. It powers digital platforms for a government super fund, a profit-for-member super fund and a retail super fund helping their clients ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... be prohibited from acting in the best interests of another person, except when performing its duties and exercising its powers as a trustee or when providing personal advice. Failure to comply with the new condition can lead to APRA issuing directions ...