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Showing 1941 - 1950 of 3919 results for "law"

ASIC's interpretation of best interest duty falls short: FSC

ALEX BURKE  |  THURSDAY, 25 JAN 2018
... suggesting that the findings in the report reflect an industry not yet subject to the consumer protection measures now signed into law. "In relation to the 130 files reviewed by ASIC that did not meet the regulator's high standard for record-keeping ...

O'Dwyer proposes compulsory unpaid super law

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
... obligations, super funds will also commence event-based reporting from 1 July 2018, she said. O'Dwyer warned employers who break the law of "serious consequences," including court-ordered penalties, including up to 12 months imprisonment which the ATO ...

EY issues ICO theft warning

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
Investors have lost about US$400 million in the initial coin offering (ICO) market due to theft and cyberattacks, a new EY report shows. EY studied 372 ICO projects globally in 2017 that raised US$3.7 billion in funds - twice the volume of venture capital ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
Australian billionaires amassed a $115.4 billion fortune in FY17, representing a 140% jump since the Global Financial Crisis, according to an Oxfam analysis. The Oxfam Growing Gulf Between Work and Wealth paper found Australia's richest 1% had more ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is calling for submissions ahead of its first hearing on Monday, 12 February 2018. The initial public hearing, which will see the Commissioner and Senior ...

Bitcoin bubble will burst in 2018: Survey

KARREN VERGARA  |  MONDAY, 22 JAN 2018
The latest Financial Standard spot poll result sees an end to the bitcoin bubble in 2018. About 40% of respondents are betting the days of the bitcoin phenomenon are numbered, while 29% predict Australia will lift interest rates by 25 percentage points. ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... and report breaches in a timely manner. Licensees and advisers have a professional and legal obligation to comply with the law and taking short cuts that jeopardise an account holder's wishes does not meet the standards expected by ASIC, the regulator ...

IOSCO issues caution over ICOs

DARREN SNYDER  |  FRIDAY, 19 JAN 2018
The International Organisation of Securities Commissions warns Initial Coin Offerings (ICOs) have clear risks and are highly speculative investments. IOSCO, seen as the global standard setter for securities regulation, said ICOs are not standardised ...

Companies must clarify purpose: Fink

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2018
... development, innovation, and capital expenditures that are necessary for long-term growth," he wrote. Referencing recent tax law reforms in the US, Fink said: "The US tax bill is only one such example - regardless of a company's jurisdiction, it is your ...