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Showing 141 - 150 of 515 results for "Powers"

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 ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 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," Day said. "Tax crime affects everyone. This particular fraud ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product or class of products only be offered by way of issue to specific classes of consumers, for specific circumstances ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... to receive intercepted materials for years, publishing an enforcement review position paper in 2017 which proposed the powers it has now been granted. In that paper, ASIC said allowing it to receive intercepted material would reflect the regulator's ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... muscles" on the financial advice industry. "I've observed several instances of ASIC conducting its functions outside its powers, and/or without proper process," he said. "It's all about the media release. And, yes, ASIC is on record (I have the emails!) ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... Josh Frydenberg has announced a major crackdown on foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases. The reforms to the country's foreign investment ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... Japanese brothers and sisters, for Japan has flattened its coronavirus curve despite the government not having constitutional powers to impose draconian compulsory lockdown measures enacted in many other nations across the globe. All Abe was constitutionally ...