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Showing 151 - 160 of 865 results for "Code"

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
Several new consumer protections will be added to the Financial Services Council (FSC)'s Life Insurance Code of Practice, including the industry's first guidelines on family and domestic violence, as well as new protections in the genetics moratorium. ...

Still work to do on QAR: Levy

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... edges." "I don't think the consumer groups understand that we still have a best interest duty because of our legislative code. So, there's some work to do there," she noted. "Michelle [Levy] outlined yesterday that she doesn't see best interest ...

Research explores advice industry's maturation

ANDREW MCKEAN  |  TUESDAY, 20 SEP 2022
... responsibility. "Financial advisers now show significant confidence in their ability to navigate ethical areas and can rely on their code of ethics to determine conduct as a basis for navigation and decision making," Neilson said. He said that the introduction ...

Casey Thompson joins First Super board

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... was a First Super associate director, appointed in January 2021. Thompson also serves as a board member of the Homeworkers Code Committee (Ethical Clothing Australia) and Evatt Foundation. In 2021, Thompson was also a recipient of the Gary Weaven Emerging ...

Monochrome obtains crypto asset AFSL

ANDREW MCKEAN  |  TUESDAY, 16 AUG 2022
... Trustees has received ASIC approval to operate spot-based crypto asset ETFs headlined by the Monochrome Bitcoin ETF (ticker code: IBTC). According to the asset manager, to date, no crypto asset ETFs operate under an AFSL with a crypto asset authorisation. ...

Government to review adviser professional standards

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... election promise to remove tertiary education requirements for experienced advisers and look to make improvements to the Code of Ethics. Assistant treasurer and minister for financial services Stephen Jones announced the government will soon commence ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
... or operating an unregistered managed investment scheme. The maximum penalty for each offence of fraud under the Criminal Code WA is seven years' imprisonment, or 10 years if the person deceived is 60 years or older. This matter is being prosecuted by ...

Ministers told to divest shareholdings

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Under a new code of conduct introduced by Prime Minister Anthony Albanese, federal ministers must divest any direct investments held outside of a public superannuation fund, listed managed funds and some trust arrangements. The code of conduct for ministers ...

Corporate advisor charged over $2m theft

CASSANDRA BALDINI  |  WEDNESDAY, 22 JUN 2022
... Brigg Macadam. The firm has made clear Torre has never been an employee or associate. Under the Western Australian Criminal Code, the maximum penalty for each offence of stealing is seven years' imprisonment and the maximum penalty for each offence ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...