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Showing 171 - 180 of 516 results for "Powers"

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... from the government and feel they must cooperate or face consequences," Johnston said. He said ASIC's new intervention powers are allowing the regulator to apply pressure on the issue. "Unfortunately these new welcomed intervention powers ASIC now has ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... power in regards to claims handling," Curtis said. "We will be looking closely at claims processes as we get these new powers."

No pat on the back for high performers: APRA

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... cases," Rowell said. "Over the net year you can expect to see APRA increasingly prepare to judiciously apply all of its powers, including its new directions power and imposition of additional licence conditions, to achieve change where needed." Rowell ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... said. "APRA has supported ASIC with its investigation and has provided ASIC with a delegation of certain functions and powers under the SIS Act in relation to Tidswell in order to achieve appropriate regulatory outcomes," the regulator said. "ASIC and ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... was published in February this year, in which the IMF stated: "It is recommended that authorities are granted additional powers to support fair and effective competition between/among infrastructures." "Competition between trading platforms, e.g., between ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in April 2019 new requirements for product design and disclosure have come into effect. These ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... to Financial Standard, AIOFP executive director Peter Johnston claimed the corporate regulator is using its intervention powers to convince product providers to turn off commissions before the January 2021 deadline. "One of the things the government ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... challenge will find APRA intensifying the pressure to improve the member outcomes they deliver - and we have new tools and powers that we can exercise to make clear that change is not optional." Rowell also took the chance to call out the sector for ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... account for not delivering for super fund members had been strengthened by stronger prudential standards and enforcement powers. Byres specifically noted the impact of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... commence in April 2021 as part of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019, subject to the result of the consultation period, which closes on October 11.