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Showing 221 - 230 of 339 results for "Accountable"

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... elements of the broad business sector more fairly share the load, but the taxpaying public will benefit through the more accountable use of the funds provided for the task." The Australian Institute of Superannuation Trustees welcomed the new laws, saying ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... in the May budget a $6.2 billion bank tax, $1.1 million to Treasury to oversee the timely implementation of A More Accountable and Competitive Banking System, and $1.2 million to undertake an independent review into the most appropriate model for an ...

AI to influence consumer trust: Medcraft

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2017
... "As we know, an algorithm is only as good as the party who writes it. Our approach on this is that firms need to be accountable in the same way that individuals would be in the event of a significant error. Algorithms and AI are just like any other system ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... Budget, the Government has also allocated $1.1 million to Treasury to oversee the timely implementation of A More Accountable and Competitive Banking System - a continuation of the existing reform agenda. It will also receive $1.2 million to undertake ...

Super associations unite to warn against 'political panel'

EMMA RAPAPORT  |  MONDAY, 8 MAY 2017
... provision of technical, evidenced based analysis required to inform decision making, and holding the panel publicly accountable for its decisions. In the draft report published in March, the Productivity Commission recommended a number of changes to ...

Government pushes ahead with new ASIC funding model

ALEX BURKE  |  FRIDAY, 5 MAY 2017
... regulatory costs are recovered from those entities that create the need for regulation. This will make industry more accountable and by increasing transparency of ASIC's costs and activities make ASIC a stronger regulator." The draft legislation prescribes ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... experiences in the sector. "The big four have been ripping people off for decades - it's time that they were held accountable to their customers," one complaint read. "The banks are a joke with no service high account fees and far too high interest rates ...

Financial advice standards body revealed

JAMIE WILLIAMSON  |  MONDAY, 10 APR 2017
... model code of ethics. The new body will commence 1 July 2017, with a key objective to appoint a chief executive to be accountable for the Authority's strategic decisions.

NAB chief promises greater accountability

KARREN VERGARA  |  MONDAY, 6 MAR 2017
... accountability is a fundamental principle in our bank. It's my role to make sure that executives know what they're accountable for and what behaviour is expected of them. This is then cascaded all the way down through the bank," he said. As a formal ...

Financial services exposed to high cyber risk

JAMIE WILLIAMSON  |  TUESDAY, 20 DEC 2016
... continue to play an increasingly active role in the cyber security of their own business. After all, they are ultimately accountable for it," Fouche said. "This is particularly important in this sector because data breaches will impact the reputation ...