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Showing 201 - 210 of 577 results for "Scrutiny"

ACCC gives IOOF go ahead

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... financial advice. ACCC commissioner Stephen Ridgeway said transactions that combine two major firms in a sector attract scrutiny from the regulator. "However, feedback from customers, financial advisers and other industry participants suggested that ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... commercial operations," ATO deputy commissioner Rebecca Saint said. "Companies that report sustained losses year-on-year face scrutiny from the Tax Avoidance Taskforce," she said.

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
ASIC has released a consultation paper seeking feedback on reference checking protocols for financial advisers and mortgage brokers. Requiring financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... to provide the advice and quoted $9000, that amount was under the threshold at which ASIC would have to apply greater scrutiny to the issue or source quotes from other firms. Subsequently though, costs went far above that - to $75,000. And, it wasn't ...

AustralianSuper dodges advertising scrutiny

KARREN VERGARA  |  FRIDAY, 6 NOV 2020
The nation's largest superannuation fund is facing heat for not divulging details of its $11 million marketing expense and how effective that has been in acquiring new members. AustralianSuper chief executive Ian Silk faced the Standing Committee ...

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... October 18, 98% of the applications received since the scheme's inception has been paid. The ERS scheme has been under some scrutiny for the lack of oversight in confirming the applicants are eligible to access the funds. So far, over $34.4 billion has ...

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... advisers increased by 6%. Cullen warned that finding the right licensee to align with means advisers need to apply more scrutiny, including probing as to how licensees are adapting to the changing regulatory environment. With grandfathered commissions ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... APRA chair Wayne Byres said that while the PAIRS and SOARS framework worked well but APRA has needed to increase its scrutiny of governance, culture, remuneration, accountability and emerging risks like cyber-security. "The new SRI Model is more contemporary ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
Senator Andrew Bragg is calling for greater scrutiny of how superannuation funds spend members' money, slamming the system that has enjoyed three decades of unquestioned opacity. Appearing at an Association of Superannuation Funds of Australia event ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... is acting in the top job after former ME Bank chief executive Jamie McPhee resigned suddenly in July after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers earlier in the year. The search for a permanent chief ...