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Showing 161 - 170 of 963 results for "Commissioner"

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The Australian Taxation Office assistant commissioner said he is focused on ensuring SMSFs remain a strong and credible retirement planning choice for Australians going forward. In an end of year message, assistant commissioner Justin Micale said as ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... design and distribution obligations. In a letter to trustees co-signed by APRA deputy chair Helen Rowell and ASIC commissioner Danielle Press, the regulators highlighted how the new obligations will interact and where they complement. The Business Performance ...

ACCC gives IOOF go ahead

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... acquisition of MLC Wealth despite both firms supplying platforms for superannuation, investments and financial advice. ACCC commissioner Stephen Ridgeway said transactions that combine two major firms in a sector attract scrutiny from the regulator. ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... superannuation accounts have insurance attached, and a majority have the default insurance offered by the fund," ASIC commissioner Danielle Press. "The decisions superannuation trustees make about default insurance arrangements are important because ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... created through contrived schemes, but actual losses that can be traced back to commercial operations," ATO deputy commissioner Rebecca Saint said. "Companies that report sustained losses year-on-year face scrutiny from the Tax Avoidance Taskforce," ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... payments; restrictions on deducting advice fees from superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into practice, the new law is aiming to curb the fee-for-no-service problem. Advisers ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... consideration when designing default categories, ASIC said, adding that there are vast areas of improvements. ASIC commissioner Danielle Press warned that trustees "may be contravening their legal obligations if they fail to ensure that insurance premiums ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... raised serious doubts in the AAT's mind as to whether Allegra would be able to deal honestly," the AAT said. ASIC Commissioner Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission ...

SMSF fraudster sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... cases of fraud to take action against dishonest conduct especially where savings for retirement are at risk," ASIC commissioner Sean Hughes said. Gore also faces three charges of acting in the management of three corporations (MOGS, Sleipner and Arion) ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... noted in handing down his judgment that the circumstances involved catastrophic losses sustained by investors. ASIC commissioner Cathie Armour said: "The Federal Court outcome sends an important deterrent message to other responsible entities, as well ...

Editor's Choice

Australian Retirement Trust people chief to depart

ELIZABETH FRY
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.

SSGA loses $2.4bn in two months

KARREN VERGARA
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.

AFCA seeks industry feedback on approaches

ELIZA BAVIN
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.

Apex, ACA partner to broaden client services

ANDREW MCKEAN
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

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Jason Huljich

JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
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