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

Search Results

Showing 211 - 220 of 1074 results for "Commissioner"

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... adding that he contributed to that culture by occupying senior roles in which he did not perform as was required. ASIC commissioner Danielle Press said the decision is a clear reminder to officeholders that they cannot disclaim responsibility for their ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... and Laughlin question whether directors' failure to understand their businesses enabled the misconduct uncovered by Commissioner Hayne's inquiry. While boards in the financial services industry have certainly changed in recent years, there is evidence ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... trustees abide by its requirements and may consider action where misconduct causing consumer harm is identified. ASIC commissioner Danielle Press said it is important that employers do not take steps that are inconsistent with laws designed to promote ...

ASIC calls for stronger whistleblowing policies

ANNABELLE DICKSON  |  THURSDAY, 14 OCT 2021
... observed from our review are present in your policy, we expect you to address and correct them without delay," ASIC commissioner Sean Hughes said. ASIC will continue monitoring compliance with whistleblower policies and plans to conduct another review ...

Social media pump and dumps gain traction

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
... continue to target actions that threaten the integrity of markets and to take enforcement action where appropriate," commissioner Cathie Armour said. "We expect anyone involved in these campaigns to recognise the potential impact on market integrity ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... services Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position on Commissioner Hayne's Recommendation 4.14. Hayne's recommendation affects all RSEs that engage a related party to provide group life ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... these charges was revealed during the Royal Commission and is the subject of a case study in the final report from Commissioner Hayne. This is the second criminal prosecution under consumer protection provision s12DB of the ASIC Act (alleging false and ...

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
... markets are highly concentrated; and will remain so, as long as there are only few players in the markets," ICCC commissioner and chief executive Paulus Ain said. Westpac said it acknowledged the ICCC's determination and will continue to operate these ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... ASIC's role has been minimal. In discussing the issue of proxy voting and the approaches super funds take, ASIC commissioner Danielle Press said each trustee will have different ways of voting, some will hand it to a proxy adviser or to the investment ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... to expect that their complaint will be heard within a reasonable timeframe, and they will be treated fairly," ASIC commissioner Danielle Press said. "How superannuation trustees treat complainants, and learn from complaints, is a true indicator of whether ...