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Showing 181 - 190 of 1016 results for "Inquiry"

Afterpay coughs up $1.5m over US loans

ALLY SELBY  |  TUESDAY, 17 MAR 2020
... which were "young consumers who are unable to qualify for traditional financing options like credit cards". "After an inquiry launched last year, the DBO concluded Afterpay had engaged in the business of a finance lender without obtaining a required ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... revenue has been falling consistently over the past few years, and with the high costs of customer remediation following the inquiry needing to be factored in, the bank's position seems unlikely to change in the coming year," the report said. Westpac ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... launching an investigation, APRA is able exercise its legal powers that were strengthened following the 2017 CBA Prudential Inquiry. The APRA investigation will be conducted simultaneously to AUSTRAC's legal proceedings and the ASIC investigation, with ...

Cost savings, RC boost digital advice

JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
... solution saw 1707 digital advice sessions. The following January following the initial public hearing, it saw 3225. As the inquiry progressed, Sargon Decimal saw a marked increase in sessions, hitting one of its highest points in April 2018 at 3256. ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... important role to drive prosperity for all Australians," Baker said. First up on the agenda, the association will face a fresh inquiry by the competition watchdog into the banking sector, this time, examining "loyalty tax"; where new borrowers are charged ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
AMP executive Alex Wade has told a parliamentary inquiry that the company has transferred a quarter of its superannuation fund account to the Australian Taxation Office. Wade said these accounts were inactive, and AMP felt that transferring them to ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... executive Ian Silk. Appearing before the House of Representatives Standing Committee on Economics this morning, Silk told the inquiry that the biggest issue facing the super sector at the moment is persistent underperformance. "In a compulsory universal ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... inform industry and the public about APRA's work. APRA said its new "more transparent approach" builds on the Prudential Inquiry into the Commonwealth Bank of Australia and the results of the self-assessments APRA requested from a series of large financial ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
... Fiona Wardlaw. By making the fee for no service complaints, she was exercising her workplace right to make a complaint or inquiry, and was following the code of conduct, she says. Company's reaction to Cook's complaints Cook says that she had ...

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... rejects the claims of financial impropriety and irregularity contained in the report. The report was published without prior inquiry to WiseTech." WiseTech founder and chief executive Richard White said: "Regardless of the noise and market disruption ...