Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 482 results for "remediation"

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... funds may still receive a small number of fund approval files into January 2021 relating to applications that require remediation." The ATO said the process is anticipated to continue until late January 2021 as it works through the final applications. ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... impairment charges increased four times from the previous year to $3.1 billion with $440 million going towards customer remediation, $614 million to write-down of intangibles and $123 million towards asset sales and revaluations. Despite the dismal results ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ANZ has announced a $528 million impact on its cash profit as a result of remediation costs, accelerated software costs and goodwill write off. Following a product review across ANZ, remediation charges have been increased $97 million from the first ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... product lifecycle and should assist industry to deliver better outcomes whilst managing non-financial risks and avoiding remediation. DDO reforms require the industry design fit-for-purpose products that meet consumer needs. In addition, product providers ...

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
The former pensions and investments business of ANZ has exacerbated IOOF's client remediation bill, which has now topped $760 million. The provision for ex-ANZ P&I took the lion's share of the total remediation bill at $197.9 million. The firm ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results. The bank has increased its provisions for customer remediation to $266 million after ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... the firm is accelerating the business transformation, and continuing to mitigate legacy issues including the client remediation program which is on track to finalise in 2021. "Our portfolio review, announced in this quarter, is progressing in parallel ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... potential value of near misses. In addition, they will need o provide commentary on the date of occurrence, causes, remediation/recovery activities and timeframes for systematic incidents, material incidents and near misses. Super funds will also need ...

QIC strengthens sustainability leadership

JAMIE WILLIAMSON  |  TUESDAY, 13 OCT 2020
... and environment manager at Transurban Group. Schulz also spent over three years at ExxonMobil, working in its global remediation team and as an onshore environment manager. She began her career at Beveridge Williams where she was an environmental geologist. ...

MLC Wealth general manager jumps to Ashurst

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
The former general manager of regulatory change and remediation at MLC Wealth has moved to law firm Ashurst. Chris Baker spent more than 12 years with National Australia Bank and MLC in various leadership roles and was general manager, regulatory change ...