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Showing 171 - 180 of 1033 results for "Inquiry"

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... tensions between Australia and China that traces its progeny with Australian Prime Minister Scott Morrison calling for an inquiry into the origins of the pandemic. It was downhill in Sino-Aussie relations from there. China placed an import ban on four ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... changes and investments in member services. The changes come after MP Andrew Leigh and deputy chair of a recent super inquiry pulled up Mercer chief executive for Australia and Pacific zone leader David Bryant about the red heatmap rating APRA slapped ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... the additional capital requirement on the bank in May 2018 as part of its response to the Final Report of the Prudential Inquiry into the Commonwealth Bank of Australia. APRA's inquiry found that CBA's financial success "dulled the senses of the institution" ...

Why has ASIC still not got a chief executive?

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... chief executive equivalent role, despite a previous report's recommendation to do so. David Murray's Financial System Inquiry recommended the financial regulators undergo periodic capability reviews. As a part of this, ASIC's capability review in 2015 ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. During the inquiry it was found licensees were not doing enough to communicate with each other on the background of advisers they were employing. ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... 12, the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 addresses 20 recommendations from the 2018 inquiry. The new law will prevent the hawking of all financial products - insurance products, superannuation, shares and other managed ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
An inquiry into the quality of audits has fallen short of recommending the breakup of the largest four vertically integrated accounting firms in a bid to combat conflicts of interest. The Regulation of Auditing in Australia: Final Report, tabled in ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... apology. Victims of financial crime in Australia with outstanding unresolved issues need to be taken seriously and an urgent inquiry into what can be done must be carried out." He also slammed Treasury, as allegations have emerged that Treasury may have ...

FPA renews calls for advice definition changes

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... with the concepts of general and personal advice. The report echoed the recommendations of the Murray Financial System Inquiry and the Productivity Commission reports which suggested the term 'general advice' is likely to lead to false expectations about ...