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Showing 171 - 180 of 388 results for "Hayne"

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
The Financial Services Council echoed the advice of Commissioner Kenneth Hayne in its call for a "significant" simplification of the regulatory system for tax and financial advisers. In a submission to the independent review of the Tax Practitioner's ...

Cashwerkz chief steps down, trustee business to be spun off

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... the Cashwerkz board. Hackett responded to Financial Standard enquiry about the timing of the de-merger, saying: "The post-Hayne Report regulatory recommendations from the Federal Government has both escalated reforms in the managed funds and superannuation ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
ASIC commissioner Sean Hughes has made it clear the regulator is already positioning itself to be the primary conduct regulator in superannuation. Speaking at a Risk Management Association Australia event yesterday, Hughes said ASIC's role in regulating ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... latest in a trend that sees the government looking towards technology as a solution to improve compliance in the wake of the Hayne Royal Commission. At a Q&A session at the Institute of Public Administration last month, Prime Minister Scott Morrison ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... requires AFCA, for 12 months, to accept complaints about conduct dating back to 1 January 2008, the period examined by the Hayne Royal Commission. In cases where financial firms and its customers have not found a resolution, AFCA will start investigating ...

Intra-fund advice must improve: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... whose financial matters are becoming more complex. With advisers leaving the planning sector after the fallout from the Hayne Royal Commission and legislative reformsand research showing demand for advice is on the rise, Rice Warner is predicting hikes ...

Members shift to industry super funds

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... outflows as latest APRA figures paint a telling picture of a booming industry super fund sector nearly one year after the Hayne Royal Commission. Retail fund assets were flat at $625.7 billion in the year to June 2019. Industry funds on the other hand ...

Train of legislation to hit advisers

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... for compelling viewing, it was just the beginning with the government now committed to implementing all 76 of Commissioner Hayne's recommendations, having released its roadmap for doing so. "There will be a train of legislation coming down the track ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... penalty. The latest announcement comes after the Morrison Government released its roadmap for implementing Commissioner Hayne's recommendations. "Mortgage brokers play an important role in promoting good consumer outcomes and competition in the home ...

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... tests that were expected of them by all the regulators". "Therefore, it is not correct to say it has anything to do with the Hayne Royal Commission," Mookhey said. In concluding, Mookhey said he plans to pursue the AMP issue further with parliament. ...