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Showing 181 - 190 of 190 results for "Sarah Court"

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... case against CBA after it was clear customers had been sold insurance that they had no use for," ASIC deputy chair Sarah Court said. ASIC previously referred the matter to the Commonwealth Department of Public Prosecutions, which will prosecute the case ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... of its licensee obligations arising from its breaches of the conflicted remuneration provisions. ASIC deputy chair Sarah Court said the impact of incentives when selling financial products has been a longstanding issue for the regulator. "We are concerned ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... accurate information that enables them to make informed decisions about their retirement savings," ASIC deputy chair Sarah Court said. "Superannuation represents the future financial security of all Australians. We want to see funds operate in a way ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... meant they couldn't make informed decisions about the financial services they were paying for," ASIC deputy chair Sarah Court said. "Customers need to have confidence in their financial services providers that they will be charged correctly for the ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... gave "cookie cutter" advice and RI Advice didn't take reasonable steps to protect his clients. ASIC deputy chair Sarah Court said: "Financial advice licensees need to understand that they can be liable if their advisers do not act in the best interests ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... Asgard to make early admissions of liability and took this into account in determining penalty". ASIC deputy chair Sarah Court said: "Misleading statements were made to customers, who were also charged for services they did not receive. The licensed ...

ASIC appoints new chair, deputy chair

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... replace James Shipton and a deputy chair. Perth-based lawyer Joe Longo has been appointed chair and the ACCC's Sarah Court also joins the regulator as deputy chair. "On behalf of the ASIC Commission and team I'd like to congratulate Joe Longo ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... consent, and will facilitate "greater participation in the consumer data right by fintech firms". ACCC commissioner Sarah Court said the changes are the first in a series of measures to reduce the time and cost to enter and operate within the consumer ...

Open banking accreditation now open

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
... between approved participants; and to provide a portal where businesses can apply to be accredited". ACCC commissioner Sarah Court said the launch of the platform was the first step towards reshaping the banking industry in Australia. "This launch of ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... completed and better ensure necessary security and privacy protections operate effectively," it said. ACCC commissioner Sarah Court said that regulatory safeguards shouldn't be rushed. "The CDR is a complex but fundamental competition and consumer reform ...