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Showing 141 - 150 of 522 results for "Powers"

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 ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... said. "The government's commitment to implement an ATO portal to help consumers select a high performing fund, and new APRA powers to weed out chronic underperformance, is a long-overdue reform that clearly puts the interests of consumers first." Likewise ...

ETF Securities chief exits

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
The ETF issuer is restructuring its management, which will see its chief Kris Walesby exit as founder and chair Graham Tuckwell increases his involvement in the business. Graham Tuckwell, who spent a decade in Jersey and returned to Australia in 2019 ...

ASIC provides relief to Victorian advisers

ALLY SELBY  |  TUESDAY, 22 SEP 2020
... client or timeframes required by sections 962G and 962K. However, ASIC noted that it does not have exemption or modification powers in relation to FDS and renewal notice obligations. "This means that relying on this no-action position does not prevent ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... by 30 September 2022. This will examine how legislative complexity can be appropriately managed over time, how delegated powers should be expressed in legislation, and how best to maintain regulatory flexibility to address unforeseen or unprecedented ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... matter to provide a statutory declaration. "The Mayfair 101 Group believes that as a Government regulator with enormous powers, ASIC of all entities, should be required to speak with the media on the record only," Mayfair 101 said in a statement. "The ...

Another sentenced in ATO fraud

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... was part of an elaborate and complicated scheme, but our sophisticated approach, combining intelligence and specialist powers of taskforce agencies, means tax criminals will come unstuck." During the course of investigations into the alleged fraud, it ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
... Now it's a disaster. A state of disaster, that is. As the AFR explains: "Under a state of disaster, police have extra powers and various acts of parliament can be suspended." "There is no question about the enforceability and the way in which new ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... Commission." "I think the government's intention to protect the interests of class members can be achieved through giving greater powers to courts - not by creating excessive red tape, and excessive requirements through the legislations." Likewise, Class ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... a maximum civil penalty of up to $1 million for a body corporate. ASIC also alleges that Yoshai failed to exercise his powers and discharge his duties as a director in accordance with s.180(1) of the Corporations Act. If found guilty, this contravention ...