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Showing 221 - 230 of 1643 results for "Review of"

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry's preparedness for Prudential Standard CPS 190 Recovery and Exit Planning (CPS 190). For RSE ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... officer, manager, employee, or contractor. However, he has the right to appeal to the Administrative Appeals Tribunal for a review of the decision. Gordon, who was an adviser and director of Refocus Financial Group between 2015 and 2018, was found to ...

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... by APRA. Mercer will also be required to appoint an independent third party to complete and operational effectiveness review of its risk management and compliance frameworks once the remediation plan is complete. In addition, the super fund will need ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... "Allowing a certification to be used as an alternative qualification method will address the core purpose behind this review of managed investment schemes (protecting consumers) while avoiding the negative impact on start-ups as well as avoiding exacerbating ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... authorised from 1 July 2020 to 30 July 2020. On 21 December 2022, Sweeney filed an application at the AAT seeking a review of ASIC's decision. On 26 April 2024, the AAT found that a permanent ban was appropriate as the fraud was "blatant and relatively ...

Budget 2024: $20k instant asset write-off extended

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... the Fair Work Ombudsman. The government is also providing $3 million to implement the government's response to the Review of the Franchising Code of Conduct, including remaking and enhancing the Code, and an additional $2.6 million to support more ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... ideal as the tests have not changed since 2002 and have not kept up with the times. Last August, Treasury conducted a review of the regulatory framework for managed investment schemes (MIS). This included reviewing thresholds for the high-net-worths ...

UniSuper restores online services, app

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2024
... testing through the restoration to ensure stable, secure services as members expect. "My team are conducting a full review of the incident to ensure that wherever possible we minimise the risk of disruption in the future. "We will assess this incident ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... adequately monitor and question fee deductions from member accounts being made by financial advisers and licensees. In its review of 10 trustees, ASIC found three trustees don't perform any checks in relation to advice fee deductions, with some allowing ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... from inappropriate advice fee charges," ASIC said. ASIC forewarned it will provide more details shortly as part of its review of trustees' oversight of advice fees and charges. "Ultimately, financial advisers, licensees, and superannuation trustees ...