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Showing 1681 - 1690 of 3918 results for "law"

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... Deloitte-led strategic review found new sales of its life products were no longer viable. ClearView breached anti-hawking law 300k times Days earlier, the Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions ...

ASIC cans advice business AFSL

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
... their obligations. This means that licensees must ensure that their policies and procedures are up to date and comply with the law," ASIC said. "They must also have robust procedures in place to check that their authorised representatives are complying ...

ASIC goes to court seeking AMP documents

KANIKA SOOD  |  MONDAY, 17 DEC 2018
... professional privilege or that alternatively, the privilege has been waived by AMP limited. It is also seeking an order requiring the law firm to produce the documents and ancillary orders. The matter will receive a first case management hearing in the ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... ensured the super industry needed to keep its wits about. "Criminals are ruthless in their efforts to find any vulnerability in law or business practices and the superannuation sector is no different," Rose said. "It is imperative that businesses have ...

Labor pledges tougher unpaid super penalties

KARREN VERGARA  |  MONDAY, 17 DEC 2018
... enshrining super in the NES will provide new legal avenues to recoup unpaid super, which have not been broadly available. "The law needs to change to require super contributions to be paid at the same time their salary is paid," he said. "Many employers ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
APRA has finalised new measures aiming to strengthen superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark ...

Chief economist update: So much Brexit uncertainty, so little time

BENJAMIN ONG  |  WEDNESDAY, 12 DEC 2018
When UK prime minister Theresa May declared that "Brexit is Brexit" and "no Brexit deal is better than a bad Brexit deal" when she addressed EU ambassadors in London on the 17 January 2017, she laid out 12 objectives for Brexit negotiations: 1. Clarity ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... with a problem, and their confidence in that financial firm," she said. Financial services and credit licensee firms must, by law, have an IDR framework with appropriate systems and processes in place to deal with consumer complaints, and be members ...

Super funds defend $5bn infrastructure investment

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
... superannuation funds will contest allegations from the ACCC that a 2013 purchase of two New South Wales ports breached competition law. The Australian Competition and Consumer Commission (ACCC) has commenced proceedings in the Federal Court against NSW ...

Advisers failing to submit SMSF returns

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
... their clients with professionalism and integrity. However, we are concerned with those practitioners acting in breach of the law," Taylor said. About 5% of tax practitioners have late lodgements with the ATO, including activity statements and tax returns. ...