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Showing 221 - 230 of 523 results for "Powers"

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 ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
The financial services Royal Commission has suggested APRA's proposed new powers could be used to address stalled super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... obligation. "All directors of the trustee of an RSE owe the same duties, including, to perform their duties and exercise their powers as directors of the trustee in the best interests of the beneficiaries: the members." Hayne said rules prescribing board ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... that the actions announced today will put in place the legislative framework necessary, providing the regulators with the powers and the resources to hold those who abuse our trust to account. In doing so the community's trust in our financial sector ...