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Showing 201 - 210 of 481 results for "remediation"

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... and the Financial Services Union of the errors, and engaged external third parties to assist with the analysis and remediation process. The FSU raised concerns with the bank about unpaid superannuation 18 months ago. While that issue was resolved, the ...

VFMC adds to leadership team

JAMIE WILLIAMSON  |  THURSDAY, 24 SEP 2020
... investment management, and joins from Latitude Financial where she served as general manager, transformation, conduct and remediation for the past seven months. Prior to that, she worked at ANZ, leading the ANZ Group Services business and the group's ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... have reviewed our IFTI reporting systems and controls and have worked with an independent consultant to develop a remediation plan to address the issue," It also said there was no business or financial impact to its clients. In the past, AUSTRAC has ...

Investors welcome Rio resignations

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
... systemic failures that led to the disaster at Juukan Gorge." "Rio Tinto now has the opportunity to address the necessary remediation, cultural heritage and risk processes with fresh eyes." Davidson called on Rio Tinto to prioritise working with traditional ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... month received letters signed by its head of people and culture Sandy Rimagmos, alerting them of the SG shortfall remediation to their accounts, with a 10% p.a. interest on net shortfall as stipulated by the ATO. According to the letter, ACSRF enlisted ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... subordinated loan note issues to NAB and $40 million of existing IOOF cash. IOOF confirmed it will not assume conduct or remediation liability for the MLC business. NAB chief executive Ross McEwan said the bank had a clear plan and the sale of MLC enables ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... supervision of NULIS, corroborated in an independent report by Deloitte. NULIS will be required to undertake timely remediation by implementing improvements in its governance and control environment and appointing an independent expert to report on compliance ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... remediated over $100 million to members, according to the regulator. In 2018, StatePlus had already paid $37.2 million in remediation, and set aside a further $53 million for future remediation related to fees-for-no-service. According to the documents ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... separating the operational functions of the wealth management business in July, NAB said it was now focused on customer remediation and enhancing long-term business sustainability to assist with the exit. "NAB will take a disciplined approach to the ...