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Showing 1671 - 1680 of 3918 results for "law"

COBA appoints former ASIC executive

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
A former ASIC executive will conduct a review of the Code of Practice adhered to by members of the Customer Owned Banking Association. COBA has appointed former ASIC executive general manager Phil Khoury to review the code which outlined the conduct ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... licensees to have effective monitoring and supervision arrangements in place to ensure that their representatives comply with the law when providing financial product advice to consumers," the regulator said. "In particular, ASIC expects advice licensees ...

No-deal Brexit prolongs market uncertainty

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... May's proposed exit strategy by an overwhelming majority: 432 voted 'no' and 202 voted 'yes.' Under UK law, a motion of no confidence could trigger an early election. The FTSE recorded a 0.58% increase to 6895.02, while other major ...

ClearView director dismissed of charges

KANIKA SOOD  |  MONDAY, 14 JAN 2019
Criminal charges laid against ClearView Wealth non-executive director David Brown by Papua New Guinea police in August were dismissed in court on Friday. Brown is the chief investment officer for PNG's National Superannuation Fund (NASFUND). On 30 July ...

California mandates gender board diversity

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... to comply with the 2021 requirement, as well - more than 100 companies will need to add female directors to comply with the law." This list includes some of the big players such as Facebook which currently has two of nine directors are women, while Apple ...

KPMG hires legal services partner

KANIKA SOOD  |  TUESDAY, 8 JAN 2019
... partner from Norton Rose Fulbright to work with financial services companies. Zein El Hassan is the 19th partner on the KPMG Law Australia team. He will report to the team's head Stuart Fuller. El Hassan joins from Norton Rose Fulbright where he led ...

Sydney residential property slumps

KANIKA SOOD  |  MONDAY, 7 JAN 2019
Sydney residential property was hit hard in 2018, as house prices slid nationally to end the year with the biggest decline quarter on quarter since 2008, according to CoreLogic. Sydney dwellings values fell 8.9% over the year and total returns were ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... out of their super funds into their Westpac-related super accounts without undertaking a proper comparison, as required by law. At the time these allegations were first aired, BT Financial Group said: "It is important Australians have good quality advice ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... take issue with the payment of executive bonuses in a year when the Royal Commission highlighted systemic breaches of the law and mistreatment of customers within the banks." She added that ACSI expressed concern for some time about NAB's new incentive ...

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
Commonwealth Bank has started accepting Alipay on its EFTPOS devices in a bid to attract Chinese shoppers who last year spent $10.9 billion in Australia. This makes CBA the first of the big four banks to accept Alipay in Australia, ahead of NAB which ...