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Showing 141 - 150 of 5693 results for "Commission"

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
The Australian Competition and Consumer Commission (ACCC) has outlined eight principles designed to combat greenwashing by businesses and protect consumers. The ACCC has published a draft guidance to address "concerning conduct" arising from a recent ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
The Federal Trade Commission (FTC) is investigating OpenAI, the artificial intelligence research firm that owns ChatGBT, to evaluate possible negligence and consumer harm. In a 20-page document sent to the Microsoft-backed AI firm, regulators demanded ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
The Finance Sector Union will front the Fair Work Commission on behalf of Commonwealth Bank staff, fighting the banking giant's mandate that staff be in the office 50% of the time. At the end of May, CBA told staff that they would be required to work ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... investors pulling money out of active fund managers that were subject to structural changes since the Banking Royal Commission. Some of the investment managers with the largest negative net flows were spun out of the large wealth managers owned by Australia's ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
... the mid-market infrastructure firm's top dealmakers. Even earlier, he worked for the Insurance and Superannuation Commission, now APRA. Equipsuper chair Danny Casey welcomed Widdup to the board. "Julian brings a wealth of experience across many large ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... coming from the employers who want to re-adopt the associate adviser role, which was popular prior to the Hayne Royal Commission and FASEA regulations. "We see this client shift as a response to increase capacity to absorb the referrals and new client ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
Openmarkets Australia has paid a $4.5 million penalty, the largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal Commission, were poorly performing. A whole host of single asset-class investment options are excluded from the performance test," he ...