Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2581 - 2590 of 3529 results for "compliance"

SMSFs lose majority of cases against ATO

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... yesterday, Hughes said that of the 32 cases he looked at - largely involving excess contributions tax (ECT) and non-compliance - the ATO won 28 of them and the taxpayer won just four. "It's pretty clear that the weight is very much in the commissioner's ...

Centrepoint spent $4.9 million in client claims

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... 2010 to March 2012, but ASIC recently asked the group to appoint an independent expert to monitor its performance over compliance concerns and audit functions. Centrepoint also spent $586,000 to implement the Future of Financial Advice (FoFA) legislation ...

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... 5.9.1), and thereby contravened section 798H(1) of the Corporations Act (Cth) 2001 (Corporations Act) which requires compliance with the market integrity rules. UBS had in place filter parameters that automatically routed the client order for authorisation ...

PIS appoints PwC as independent expert

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
... the Australian Securities and Investments Commission (ASIC). PwC will report back to ASIC each quarter and will test compliance of PIS's personal advice with regulatory requirements, its ability to identify poor advice and the effectiveness of its advice ...

HNW and SMSF under ATO scrutiny

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
... environment, whether if it is deliberately or unintentionally. The ATO announced that it will review 15,100 SMSF for compliance and regulatory obligations, 1,100 more to check they comply with income tax obligations and that it will also look into the ...

ASIC orders further PIS scrutiny over compliance concerns

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... to the Australian Securities and Investments Commission (ASIC) on December 2010. ASIC said that it had concerns that compliance and audit functions required further work and the regulator considers the decision to monitor PIS as an evidence that follow ...

OneVue strenghtens platform offering

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... added two new investment options to its Unified Managed Account platform as part of its strategy to ensure greater compliance with the Future of Financial Advice (FoFA) reforms. The platform will offer two separate investment package options from August ...

ATO to clamp down on multinationals and trusts

MARK SMITH  |  TUESDAY, 16 JUL 2013
... and trusts as part of a strategy to combat tax crime and profit shifting to overseas havens. The ATO has released it Compliance in focus program, informing the business community of the key risks and issues in Australia's tax and superannuation system ...

WB advisers join CBA's Financial Wisdom

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... new regulatory environment, and taking advantage of our resourcing and expertise to help manage their supervision and compliance obligations," Financial Wisdom general manager Mark Balantyne said. The WB Group of companies will retain its investments ...

US delays tax avoidance law by 6 months

MARK SMITH  |  MONDAY, 15 JUL 2013
... postponed a new law designed to crack down on offshore tax avoidance by US citizens by six months. The Foreign Account Tax Compliance Act (FACTA) requires foreign banks, insurance companies and asset managers to report information about accounts with ...