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Showing 2061 - 2070 of 3919 results for "law"

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... Recovery Levy Bill 2017, which will enable the regulator to recoup costs from the industries it supervises, has been passed into law. Minister for Revenue and Financial Services Kelly O'Dwyer said the passing of the bill reflects the Government's "plan ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... certain circumstances. "As part of this Bill, the Government has also refined changes to personal and corporate insolvency law made by the Insolvency Law Reform Act 2016. This change will reduce legal complexity, increase certainty for insolvency practitioners ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
The funds management industry has demonstrated broad commitment to its legal obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
... investors' ability to access financial advice. Though they will still be able to earn commissions, further aspects of the law expected to take effect from 1 January 2018 will require brokerage firms to implement policies to allay conflicts of interest ...

May the force's not with her

BENJAMIN ONG  |  TUESDAY, 13 JUN 2017
What UK Prime Minister Theresa May expected as a landslide win at the snap 8 June general elections turned out to be a slide at the polls for the Conservatives instead. The British prime minister intended to secure her Brexit mandate when she announced ...

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... competent to provide financial services during his employment with Westpac; and Sinha was likely to breach a financial services law in the future. Westpac is remediating the clients impacted by Sinha's conduct. As of 28 February 2017, the bank remediated ...

ASIC launches LIF instrument

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... 2015 and sets in motion the effects of the Life Insurance Remuneration Arrangements Act passed by Parliament in February. The law, which extends to the direct sale and marketing of life insurance states commissions, will be capped at 60% of the premium ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... providing strategic insight and knowledge for assisting to be money gatekeepers." McGowan believes the findings of the Australian Law Reform Commission's Inquiry into Elder Abuse will indicate the need for more education, with the new resources working ...

Global merger creates new listed manager

ALEX BURKE  |  WEDNESDAY, 31 MAY 2017
The completed all-stock merger of equals between two global fund managers has created a new listed entity on the ASX representing $443 billion in assets under management. Janus Capital and Henderson Group will trade on the ASX and NYSE as Janus Henderson ...

ASIC boosts support for regtech

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2017
ASIC is ramping its support for regulatory technology businesses or 'regtechs' in response to an overwhelming number of organisations expressing frustration over complex compliance burdens. The corporate watchdog recently announced the next phase of ...