Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 171 - 180 of 3035 results for "Compliance"

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... justified an Enforceable Undertaking. "This matter demonstrates the importance of employers placing a high priority on compliance, including with all clauses in their Enterprise Agreements. Suncorp's incorrect application of particular clauses has led ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global for inadequate compliance with the Design and Distributions Obligation (DDO) regime and deficiencies in their TMDs. The updated FSC template is designed ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... advice service. This acquisition will expedite development of a second-generation product offering a turnkey digital compliance function at a fraction of current compliance costs, and which is exponentially faster and more accurate than any human equivalent," ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... stablecoin. In support of these allegations, evidence presented in the SEC's filing includes a message from Binance's chief compliance officer to a colleague in December 2018 that reads: "We are operating as a fking unlicensed securities exchange in ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. A firm's duty of supervision includes ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... reason for this was the broker relied on a retail investor questionnaire with "significant flaws" as a key step for compliance with its obligations. When applying for a trading account, ASIC said Mitrade's questionnaire gave a prospective retail investor ...

It's the year of the raise, says Hays

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... This is followed by hardships/retention roles, client services managers, operational risk managers, and regulatory compliance managers. As for salaries currently on offer, in Sydney a business development manager in superannuation and funds management ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... its prudential standards and a review that exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk culture. As part of the action taken against the bank, APRA will require it to hold an operational risk capital ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... reforms to provide gig workers with an entitlement to the SG. HESTA also emphasised that the ATO should increase its SG compliance activities for gig workers in 'employee-like' arrangements. "We will continue working towards achieving a fairer ...