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Showing 211 - 220 of 305 results for "Consent"

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
... coverage had ceased or changed "without adequate forewarning", or making changes to a member's insurance policy without consent, while others were using inappropriate defaults such as treating members as "smokers" for the purpose of calculating their ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... stress of it all led him to help expose the bank opening more than two million fraudulent accounts without customers' consent over 15 years. Wells Fargo announced in March it had settled the class action for US$142 million for customers affected. Angrisano ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... the winding up of another investment manager: Courtenay House Capital Trading Group. The Supreme Court of NSW has made consent orders and appointed Grant Thornton to liquidate two Courtenay House companies. These orders follow interim orders made on ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Open data carries privacy risk: ABA

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... Australian Bankers' Association. Educating customers how their data may be used and ensuring an appropriate and well-understood consent regime is introduced were the critical issues that emerged from a recent ABA industry conference. Consumer groups ...

ASIC bans life insurance adviser

ALEX BURKE  |  FRIDAY, 9 DEC 2016
... products that suited said objectives. ASIC also found he submitted an insurance application without his client's knowledge or consent. "Any advice to switch existing life insurance and superannuation products must be in the client's best interest," ASIC ...

ASIC bans SA insurance broker

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... dishonestly benefited from insurance premium loan funding. Griggs submitted applications without applicants' knowledge or consent for loan funding to Elantis Premium Funding. Griggs forged the signatures on the applications and then paid approved loan ...

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
The Federal Court of Australia has fined Superannuation Warehouse Australia (SWA) for misleading "free setup" advertising. ASIC commenced legal action against SWA in May for advertising self-managed superannuation fund setup services on two separate ...

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
... allow inactive superannuation accounts to be consolidated in to members' active super accounts without the individuals' consent. The legislation forms part of a 2015-16 Budget measure that aims to remove an out-dated rule preventing the identification ...

SMSFs impacted by power of attorney rule changes

STAFF WRITER  |  THURSDAY, 24 SEP 2015
... attorney is authorised to enter into on behalf of the principal. "If the attorney is unable to demonstrate they had the prior consent of the principal, their actions could potentially be found in breach of the new legislation and held to be invalid." ...