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Showing 1601 - 1610 of 3918 results for "law"

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
ASIC has released the final compliance report on the conditions it placed on Commonwealth Financial Planning and Financial Wisdom in 2014. Commonwealth Bank has paid a further $2.3 million to 232 clients advised by five of its advisers, according to ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

NZ Super responds to Australian social media laws

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
... risks and backlash surrounding this issue." The passing of the laws has been broadly criticised by the Australian business and law communities. Law Council of Australia president Arthur Moses said: "Media freedom and whistleblowing of atrocities here ...

FASEA welcomes new directors

HARRISON WORLEY  |  MONDAY, 8 APR 2019
... appointments were flanked by the re-appointments of Integra Financial Services founder Deborah Kent and former Consumer Action Law Centre co-chief executive Carolyn Bond The Government confirmed all four directors have been appointed on three year te ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... certain financial risks. Deputy chair Helen Rowell said APRA could only previously direct a trustee after a contravention of the law had taken place, or where APRA believed there was an urgent, material threat to members' interests. "The new directions ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... ASIC expects licensees to have adequate supervision arrangements in place to ensure those representatives comply with the law when providing financial product advice to consumers. "It is essential that AFS licensees' resources remain adequate, especially ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... penalties. It also has the ability to request information, issue stop orders where there is a suspected contravention of the law and to make exemptions and modifications to the new arrangements. MySuper products, margin lending facilities, securities ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... someone who "demonstrated a failure to understand the covenants under the SIS Act and obligations of a trustee under trust law." Commenting on the departure of Kelaher, Griffiths said: "The board would like to acknowledge the vision and contribution ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
The value of financial advice provided via not-for-profit superannuation funds should not be tainted as a result of discussions about dismantling vertical integration. This is according to Industry Fund Services chief executive Cath Bowtell, who said ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... Frydenberg outlined in the Budget that part of the Protecting Your Super Package has been delayed but flagged it will pass into law before the end of 2019. A new law to enable superannuation fund members with a balance less than $6000 and new members ...