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Showing 211 - 220 of 516 results for "Powers"

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... the panel should take as given APRA's legislative framework, except as outlined [below] in relation to APRA's statutory powers," it said. As part of its work the panel should evaluate the extent to which the following factors support APRA to deliver ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... "for now" but hinted it may do so in the future. The pending passage of a key Bill to strengthen APRA's enforcement powers however is hampering its new initiatives. Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

UK pension funds to be hit hard over negligence

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
... mismanagement a criminal offence is part of a wider reform package put forward in response to consultation on enhancing the powers of the pensions regulator. Amber Rudd, the UK's Secretary of State for Work and Pensions said bosses who put the futures ...

Clayton Utz finally hands AMP notes to ASIC

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... was determined to take enforcement action against Australia's large financial institutions, and would use all legal powers at its disposal to do so. He also expressed disappointment in AMP not handing over the documents earlier. "Entities should ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... their fee-for-no-service issues. Press said ASIC welcomed recent Government commitments to hand the corporate regulator new powers to speed up future remediation programs. "These reviews have been unreasonably delayed. ASIC acknowledges that they are ...

Choice outweighs balance for women

KARREN VERGARA  |  FRIDAY, 8 MAR 2019
... fundamentally the ability to achieve balance." It's also critical for families to start conversations about enduring powers of attorney - but more importantly to document and be explicit about who will make the decisions; who is appointed executor ...

Wills are an afterthought for the rich: Lawyer

KARREN VERGARA  |  WEDNESDAY, 27 FEB 2019
... about how mum or dad should be cared for. Sakellaris said it's critical for families to start conversations about enduring powers of attorney - but more importantly to document and be explicit about who will make the decisions; who is appointed executor ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
... are yet to determine a course of action but are expected to do so shortly, Byres said. "Even though APRA has had limited powers to direct particular outcomes, many trustees have come to accept that they cannot meet these higher expectations, and passed ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... penalties for breach of their best interests duty and provide the Australian Prudential Regulation Authority with more powers to deal with underperforming superannuation funds," Federal Treasurer Josh Frydenberg said in a statement. The legislation needs ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... FPA and five other industry associations as a separate legal entity and has already applied to ASIC for approval. "The powers that code monitoring bodies will have are a lot more powerful than any association has today... And it is already legislated ...