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Showing 231 - 240 of 890 results for "Failing"

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... enrolment details within required timeframes. "AUSTRAC does not hesitate to take action where a business that we regulate is failing to satisfy their responsibility to protect themselves and Australia's financial system from criminal activity," AUSTRAC ...

A strong super system cushions the economy: ISA

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
... not unintended consequences driving outcomes. But, if you're comfortable that you have a sufficient buffer between failing the test and where you are today, then you could safely ignore YFYS and proceed with venture capital investment." But he added ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

ASIC announces sizeable prosecution list

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
ASIC has prosecuted 10 companies for failing to comply with obligations to lodge financial reports. The regulator announced its sizeable list on Friday and said the prosecutions took place between January 2022 and June 2022. ASIC acted against the Blackgold ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... to ASIC, Fawkner misrepresented the performance risks of the fund in its marketing in several instances, including by failing to adequately explain how forecasted returns were calculated and by not providing adequate warnings that the forecasted performance ...

Financial abuse linked to violence: CBA, UNSW

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... behaviours. According to Breckenridge, these behaviours could include controlling or withholding finances, appropriating income, failing to contribute to expenses and making one partner liable for joint debt or bills. "These behaviours can have ongoing ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022
... alternatives indices, APRA said. If a product passes the supplementary test, they would be exempt from the consequences of failing the initial performance test. If they fail the supplementary test, then the same consequences are applied; APRA will publish ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... the market, losing over $400,000 after being told CFDs were a safe investment." The investigation also found that, in failing to take adequate steps to address Toyga's conduct, Sirius Financial has breached its licence obligations to do all things necessary ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... policies through pressure tactics; unduly harassing five of the customers; misrepresenting policy features and costs; and failing to act fairly and efficiently in running a 'Refer a Friend' program by incentivising new customers to provide the contact ...

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
The former Commonwealth Bank subsidiary will pay a penalty of $1.71 million for failing to update defects in its disclosure documents related to charging fees to super members after they'd died. This marks the first criminal prosecution for failing ...