Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1581 - 1590 of 3918 results for "law"

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
NZ Super's initiative to pressure social media companies and governments to eliminate terrorist content online has achieved a new milestone, reaching NZ$5 trillion in assets under management and throwing its weight behind a new movement. At a summit ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... authorisation of these dual licence holders after an investigation into 65 AFS licence holders found that 58 were breaking the law. Under the Corporations Act, an AFS licensee cannot be the authorised representative of another AFS licensee - with the ...

Industry super fund appoints new chair

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Schools Council. Haddock was appointed ACSRF's chair in July 2010 and has been a director since July 2007. His career began in law and then moved to banking investment, treasury, asset management and stockbroking. After financial services, Haddock worked ...

Chief economist update: Countdown to T-day

BENJAMIN ONG  |  FRIDAY, 10 MAY 2019
... index remains close to a bull market - up 19.6% - in spite of the heavy sell-off over the past few days. But as Murphy's Law dictates, "anything that can go wrong, will go wrong". Not only could it go wrong but it could escalate. This is because ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... member. Financial Standard sighted a number of member communications and found few super funds explained the benefits of the new law. Colonial First State and Rest were two exceptions. Colonial First State wrote: "The purpose of these new super laws ...

Lax regulation worsens lost super benefits: ISA

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
... wages and how effective the new compliance system is. The simple and most effective fix is for the Government to change the law and legislate that employers must deposit a super contribution into an employee's account at the same time as the salary ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... delivering enhanced outcomes for members. The Bill on the other hand introduces a legislated outcomes assessment. Under the new law, super funds will have to annually assess and compare the appropriateness of product offerings for MySuper and choice ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... unlisted property funds. PFA says that the new legislation could result in fewer choices being available for investors. The law in question is The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Power) Bill 2019 ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... of financial services were not competent to provide a financial service, and were likely to contravene financial services law. The two men have a right to appeal ASIC's decision to the Administrative Appeals Tribunal. The bans come after ASIC took action ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... of six years in November last year. It said at the time that D'Amore was involved in contraventions to financial services law; is not adequately trained or is not competent to provide financial services; and is likely to contravene a financial services ...