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Showing 161 - 170 of 1072 results for "Commissioner"

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... Hafiz Saroha, Janette Townshend, Yaw Boadi, Brian Carroll, and Linda Ingham are the five auditors reprimanded. ASIC commissioner Sean Hughes said: "SMSF auditors have a fundamental role in promoting confidence in the SMSF sector." "ASIC will apply a ...

ETP naming conventions updated

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... fair, orderly and transparent markets, particularly in the context of ETPs that have unique or novel features," ASIC commissioner Danielle Press said. "The overall reduction in the number of defined labels in our guidance is intended to encourage licensed ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... participants to continue implementing and improving the resilience of the Australian equity market during outages. ASIC commissioner Danielle Press said: "ASIC continues to engage with market operators and participants as they implement steps to meet ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... interest. Poorer practices were ad hoc, manual, and reflected a lack of prioritisation by participants," ASIC said. ASIC commissioner Danielle Press commented: "Wholesale financial markets, including fixed income, currencies, and commodities markets ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... integrity of the system and protect members' retirement savings, the TPB said. ATO SMSF Regulatory Branch assistant commissioner Justin Micale welcomed the TPB decisions as an important outcome that helps maintain the integrity of the SMSF regulatory ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
... senior manager, policy David Haynes said super funds could and should be doing more for vulnerable members, while ASIC commissioner Danielle Press agreed and pointed out that the best financial interests duty actually allows for different members to ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... far-reaching and unjustifiable consequences for superannuation. "The rules should be re-worded or re-drafted to require the Commissioner of Taxation to decide that the section applies and to allow trustees to rectify transactions in certain situations," ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... crypto-assets have the same protections as regulated financial products or they may underestimate the risks." ASIC commissioner Danielle Press said: "Crypto-assets are high-risk, volatile and complex. Brokers should think very carefully before offering ...

Spirit Super consortium withdraws from port acquisition

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... competition in Victoria for the supply of port services for long-term bulk cargo customers in Victoria. At the time, ACCC commissioner Stephen Ridgeway said: "We are concerned the acquisition may substantially lessen competition in Victoria for the supply ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... or less, the remaining had reporting periods of either six or 12 months. Responding to sample review results, ASIC commissioner Danielle Press said: "We expect all trustees to consider these observations when reviewing their target market determinations. ...