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Showing 171 - 180 of 1072 results for "Commissioner"

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... to additional requests from the family, including for an apology, before issuing an apology weeks before fronting Commissioner Kenneth Hayne. Three months later it ceased selling life insurance and flagged the likelihood of a liquidity crisis before ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... of the regime, as well as improve the efficiency of ASIC's data collection and analysis," the regulator said. ASIC commissioner Sean Hughes said the regulator is seeking "common-sense solutions". "ASIC will consider whether enhancements are required ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... risk. When done well, dispute resolution can benefit trustees by helping build members' trust and confidence," ASIC commissioner Danielle Press said. "However, the first stage of ASIC's surveillance about internal dispute resolution practices of ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
... introducing legislation that aims to ensure no veteran pays higher income taxes because of the Federal Court decision in Commissioner of Taxation V Douglas (the Douglas decision). The Douglas decision found that certain veterans' invalidity pension payments ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... integrity, judgement, and diligence to play a role in the management or control of a financial services provider. ASIC commissioner Danielle Press said: "ASIC's investigation uncovered concerning consumer losses from trading in CFDs, including a Sirius ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... are banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended the banning of all advice fees in MySuper funds, this recommendation came from his lack of understanding ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... new customers to provide the contact details of friends and family without consent. Commenting on the case, ASIC commissioner Sean Hughes said: "In making findings of unconscionable conduct, the Court has emphasised that consumers must have the opportunity ...

MSCI launches emissions measuring tool

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
MSCI has launched Total Portfolio Footprinting, helping financial institutions measure carbon emissions across lending and investments as part of the transition to a net zero economy. The global tools provider said in a statement "Total Portfolio Footprinting ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... ASIC's relief are exempt from certain regulatory requirements related to providing personal financial advice." ASIC commissioner Danielle Press stated: "Superannuation calculators and retirement estimates are important tools that can help consumers engage ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... test cases and practice recovery strategies or switching to alternative arrangements for critical dependencies. ASIC commissioner Danielle Press said despite progress and the market balancing changes and volatile trading conditions, there is considerably ...