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Showing 151 - 160 of 521 results for "Powers"

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product or class of products only be offered by way of issue to specific classes of consumers, for specific circumstances ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... to receive intercepted materials for years, publishing an enforcement review position paper in 2017 which proposed the powers it has now been granted. In that paper, ASIC said allowing it to receive intercepted material would reflect the regulator's ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... muscles" on the financial advice industry. "I've observed several instances of ASIC conducting its functions outside its powers, and/or without proper process," he said. "It's all about the media release. And, yes, ASIC is on record (I have the emails!) ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... Josh Frydenberg has announced a major crackdown on foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases. The reforms to the country's foreign investment ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... Japanese brothers and sisters, for Japan has flattened its coronavirus curve despite the government not having constitutional powers to impose draconian compulsory lockdown measures enacted in many other nations across the globe. All Abe was constitutionally ...

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
... and a blessing (for lack of a better word) for China's Politburo. Social restrictions and lockdowns imposed by the powers-that-be to contain the virus sent the economy plunging 6.8% in the year to the March 2020 quarter... but it also halted the ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... the coronavirus is discovered, we'll remain wary and looking over our shoulders. This in itself - whether or not the powers that are relax restrictions - would, at the very least, prevent a return to normality.

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... certainly added to the body count from the infection and deaths wrought by the coronavirus had the pandemic not prompted the powers-that-be into postponing (to later this year) the annual meetings of the National People's Congress (NPC) and the Chinese ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... documents: "The central issue in this appeal initially appeared to be whether AFCA's decision was invalid because the powers purportedly exercised by it under s 1055 of the Corporations Act 2001 (Cth) (CA) contravened Ch III of the Commonwealth of ...