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Showing 1731 - 1740 of 3918 results for "law"

ASIC provides relief for naked short selling

HARRISON WORLEY  |  TUESDAY, 9 OCT 2018
ASIC provided legislative relief to ETF market makers, alongside changes to short selling laws. With ASIC instruments due to expire, the corporate regulator issued a short selling instrument, which it said continues the effect of those instruments due ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... interim report identified incentives in banks against the interest of customers that has led to appalling conduct contrary to law," he said. "Yet, this misconduct has either gone unpunished, or the consequences have not met the seriousness of what has ...

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... Hayne wrote, was misconduct that went unpunished or the consequences that did not match actions. Hayne considered passing new law to deter financial services companies from erring again. But this would add an extra layer of complexity to an already complex ...

Government to relax super work test

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... contributions to their super for 12 months from the end of the financial year in which they last met the work test. Under the new law, a member is only eligible to access the first year of the bring-forward non-concessional contributions cap in a particular ...

Legal woes continue for super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Industry superannuation fund Rest is facing renewed scrutiny over its responsible investment practices after one of its members filed an updated Federal Court claim alleging the fund has failed to act in his best interests. In July, Rest member Mark ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
A new financial advice firm operating as a charity is changing the lives of low income earners in Western Australia. Registered with the Australian Charities and Not-For-Profit Commission, Leda Financial Advice was founded by financial adviser Michael ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... chief executive Craig Meller, three directors, and chair Catherine Brenner. "AMP is focused on ensuring that adherence to the law, meeting community expectations and the best interests of our customers are fundamental to our culture and governance," ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... ways." Bligh said banks had failed their stakeholders, including customers, and added these failures extended to obeying the law, and meeting community standards "All of these failures are totally unacceptable. Too many customers have been hurt, and ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commenting to the interim report released this afternoon, Federal Treasurer Josh Frydenberg said it's evident the findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards ...