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Showing 1551 - 1560 of 3918 results for "law"

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... legislation at the product level application or the fixed-term insurance issue must provide details of how it intends to apply the law. If a significant breach has occurred or will occur, APRA said a trustee must ensure it follows its standard breach ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
... spouses and dependants even where these people wish to remain anonymous. These protections don't only cover breaches of the law, but also whistleblowers who are reporting misconduct or an improper state of affairs within a company. "We value the people ...

Super smashes best-performing salaries list

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... on average. Of the 350 role types on SEEK analysed, the legal industry took the biggest hit. Legal generalists working in law firms experienced the largest salary fall of 21% to $82,044. Baker McKenzie global chair of law Paul Rawlinson said 30 years ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
The prudential regulator is imposing tougher measures for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... review of RG97, and is currently reviewing submissions. A number of submissions raised the need to consider PYSP changes to the law, ASIC said, adding it will take PYSP into account in finalising its response to proposals outlined in CP 308. Some of ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... associations are voicing their concerns over the proposed member outcomes framework, worried there is a disconnect between the law and APRA's expectations. APRA is busy working through submissions for Prudential Standard SPS 515 Strategic Planning ...

Facebook to launch own currency

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
... improve as a result. "The limited cases where this data may be shared reflect our need to keep people safe, comply with the law and provide basic functionality to the people who use Calibra," Facebook said. "Calibra will use Facebook data to comply with ...

AUSTRAC zeroes in on Afterpay

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
Tech-darling Afterpay is feeling the regulatory heat after AUSTRAC ordered an audit of the fintech's compliance with Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) laws. AUSTRAC said an external auditor will examine Afterpay's governance ...

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
A law firm has approached the Treasury with concerns the reforms made to the Australian Financial Complaints Authority after the Royal Commission are flawed and need urgent amendment. In February, the Federal Government expanded AFCA's remit to give ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... it is taking action on AMP's superannuation business and board, concerned they breached several areas of superannuation law. AMP Superannuation and N.M. Superannuation Proprietary, collectively known as AMP Super, were slapped with new directions ...