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Showing 181 - 190 of 478 results for "ASIC Commissioner"

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... his own benefit. The sentence shows the court's approach to deterring dishonest acts such as these," said ASIC Commissioner Danielle Press. As Martin was sentenced in the NSW District Court, the judge was clear in his disapproval of the adviser's ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... reporting entities to ensure compliance with their reporting and monitoring obligations under the ASIC Rules," ASIC commissioner Cathie Armour said. Compliance with the infringement notices is not an admission of guilt or liability, ASIC said. On the ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... satisfied similar regulatory supervision and outcomes will be achieved by equivalent overseas requirements. ASIC commissioner Cathie Armour said the regulator's new framework was designed to ensure wholesale investors could continue to access the opportunities ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... be satisfied members have given consent for advice fees to be paid from their superannuation choice account. ASIC commissioner Danielle Press said: "The government proposes to introduce legislation implementing the Royal Commission recommendations from ...

Accountant convicted in fee no service scam

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... information. Offending of this nature undermines public confidence in the share market and public companies." ASIC Commissioner John Price said: "Making false and misleading statements is a serious offence and ASIC will take action when an accountant's ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... the loans on time". It argues Houwing was not "adequately trained or competent to provide financial services". ASIC Commissioner Danielle Press said behaviour like Houwing's tainted the reputation of the financial advice system. "The failure of financial ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... consumer's best interests when assisting a client to apply for a product when they have recommended another product. ASIC commissioner Sean Hughes said the consultation will provide more clarity to mortgage brokers. "The obligations properly align the ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... interest in shares by offshore entities, as well as, any attempt to provide false or misleading statements,"ASIC commissioner John Price said. "ASIC will hold to account persons who seek to obstruct or hinder its investigations."

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... regulator while retaining APRA's role as the prudential and member outcomes regulator in superannuation. ASIC commissioner Danielle Press said: "ASIC and APRA have a shared commitment to improving the fitness of the superannuation system for Australians ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... influencing of members to make certain decisions, and the use of just one channel to communicate with members. ASIC commissioner Danielle Press said a superannuation trustee's approach to member communications is critical for the success of the PYSP ...