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Showing 1591 - 1600 of 3918 results for "law"

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... Hodgson also thanked those in the business community who support Judo. Judo was advised on its banking licence application by law firm Ashurst, which released a statement celebrating the success following APRA's decision. Ashurst partner Stuart Dullard ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... that business. The regulator determined Eung was not of good character and was likely to continue to break financial services law. At the time, NAB welcomed ASIC's decision, saying Eung did not live the group's values and did the wrong thing by its customers. ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... options trades on behalf of a number of clients between April 2015 and April 2016 which did not comply with financial services law. The delegate said Peters conducted options trading on behalf of his clients on a discretionary basis without their authorisation ...

Superannuation fund drops fees

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... number of its fees. CareSuper has removed several fees from 1 April 2019, including contribution splitting fees ($50), family law splitting fees ($40) and exit fee on withdrawals ($40). The flat dollar-based fee for pension members has been halved from ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... O'Halloran, Superannuation Consumers' Centre at CHOICE head of advocacy and campaigns, super funds are potentially breaking the law to keep hitting people with "duplicate zombie fees and insurance." "This is a disgraceful act of self-interest," ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... left behind after a deal between the Greens and Coalition was reached. Treasurer Josh Frydenberg anticipated the proposed new law would take effect from October 2019, three months later than initially scheduled. The other lapsed bills are: Treasury Laws ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan. On Friday the law firm announced it had filed proceedings against IOOF,based on evidence given at the Royal Commission and legal proceedings ...

NZ Super dumps guns

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... involved in the manufacture of civilian automatic and semi-automatic firearms, magazines or parts prohibited under New Zealand law were excluded from the $41 billion fund. In total, $19 million of investments will be divested. The fund said the decision ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... make an assessment on the merits of further action in the coming months," he said. "None of the potential breaches of the law or prudential standards that have been referred to APRA carry civil or criminal penalty provisions directly, although other ...