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Showing 141 - 150 of 786 results for "Australian Financial Services"

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... executive Simon Culhane said: "The CISI Is delighted to work with this leading professional body in Australian Financial Services which already has a strong focus of professionalism, a core part of which is ethics and integrity." "Such programs contribute ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... decision handed down today," ASIC Commissioner Sean Hughes said. Nakhl is a former representative of Australian Financial Services Limited which has since gone into liquidation. He was the sole director of SydFA. The regulator's action against Nakhl ...

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 comprised ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate with AFCA in its resolution of particular disputes ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... financial planning advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. A licensee could then choose to hold one or ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
ASIC's decision to reject Michael David Watson's Australian Financial Services (AFS) Licence (AFSL) was recently upheld by the Administrative Appeals Tribunal (AAT). Watson had applied for an AFSL license to provide advice for self-managed superannuation ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be required by the government to report to ASIC the number of superannuation products on ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... superannuation accounts. WSAL and BTFM are only permitted to provide general advice under their respective Australian Financial Services Licence (AFSL). The judge said each of the 15 phone calls to customers provided general advice "because the callers ...