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Showing 211 - 220 of 476 results for "ASIC commissioner"

Super trustees to formulate whistleblower policies

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... 2019. The reforms commenced on 1 July 2019, aiming to provide stronger rights and protections to whistleblowers. ASIC commissioner John Price said transparent whistleblower policies are essential to good risk management and corporate governance, and ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... capabilities necessary to properly execute an MDA. It is not known when the licence conditions may be lifted. ASIC commissioner Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision ...

Australian equity markets remain clean: ASIC

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... percentage of suspicious trading accounts remained stable, the volume traded by the same accounts increased. ASIC commissioner Cathie Armour said: "Markets cannot operate with a high degree of integrity if people trade with inside information." "We expect ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4. ASIC Commissioner Danielle Press said the recent amendments mean civil and criminal penalties can be imposed on trustees that don't comply ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... clients. The firm failed to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests of their clients and prioritise ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... auditors, ranging from independent peer reviews to restricted audits, to providing ASIC with proof of CPD hours. ASIC commissioner John Price noted the importance of SMSF auditors and said the regulator would always take action against those who failed ...

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... said it intended to restrict outbound sales of life and funeral insurance in an effort to protect consumers. ASIC Commissioner Sean Hughes said the corporate regulator was determined to step in when consumer trust in "the system" was under threat. He ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... licensees voluntarily cancelled their licences and 48 credit licensees were cancelled or suspended by ASIC. ASIC commissioner Sean Hughes said: "ASIC has taken proactive measures to protect consumers from those few financial services licensees and credit ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... 2006. Peter Krejci of BRI Ferrier was appointed voluntary administrator of Australian Mutual on June 28 2019. ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... and added telephone sales staff use high-pressure selling and other "unfair sales practices" when selling CCI. ASIC commissioner Sean Hughes said the corporate regulator was "deeply troubled" by the findings in the report, which included the likes of ...