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Showing 221 - 230 of 472 results for "ASIC Commissioner"

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
The corporate regulator's wealth management investigations increased 129% in the year to March 2019, ASIC commissioner John Price said yesterday. In opening comments to a keynote panel discussion at the Governance and Risk Management Forum in Melbourne ...

Culture isn't everything: ASIC

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
ASIC commissioner John Price has warned a "strong culture" might not stand resolute in the face of remuneration incentives. Addressing the Governance Institute's Risk Management Forum in Sydney yesterday, Price warned companies that ensuring the behaviour ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... with statements of advice to demonstrate the advice he provided and the information on which he provided it. ASIC commissioner Danielle Press said= SMSFs are not suitable for everyone, and advisers recommending SMSFs only for the purpose of borrowing ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... result of ASIC's enquiries. The independent expert will report back to ASIC and Kaz Capital in June this year. ASIC commissioner Cathie Armour said of the licence conditions: "Licensees must have an adequate and appropriate compliance framework to govern ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... adoption of regtech solutions in the financial services sector to provide better outcomes for consumers," said ASIC commissioner John Price. "Regtech is something we are keenly interested in, both as a consumer of products and a facilitator of engagement ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... account balance falls below $6000 and no contributions have been received for 13 or more continuous months." ASIC Commissioner Danielle Press said last month that it is not appropriate for trustees to encourage all members to maintain insurance, as many ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take effect on 1 July 2019. ASIC Commissioner Danielle Press said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... Westpac's current systems, policies and procedures. Findings must be reported back to ASIC with nine months. ASIC commissioner Sean Hughes said the court found after a six week contested trial : "Westpac traded with the dominant purpose of manipulating ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... to renew their authority to provide MDA services it had worked constructively with the corporate regulator. ASIC commissioner Danielle Press said ASIC is expecting improvements across the advice industry, and additional license conditions were part of ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... of additional licence conditions is part of ongoing efforts to make our expectations clear to AFS licensees," ASIC commissioner Danielle Press said. "ASIC will impose licence conditions based on what an applicant is seeking authorisation for, what we ...