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Showing 241 - 250 of 522 results for "Powers"

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... Government's investment in Australia's financial services regulators, ensuring they are equipped with the resources and powers to enforce the law and improve community confidence in the industry. Recently APRA came under scrutiny at the Royal Commission ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... funds. "Most directors across the sector clearly understand their obligation to perform their duties and to exercise their powers in the best interests of the fund beneficiaries. An enhanced set of mandatory governance practices for the superannuation ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
The corporate regulator will be gifted enhanced enforcement powers via funding from the Federal Government, a sizeable chunk of which will be used to embed staff within the big four banks and AMP. The Federal Government announced it is injecting a further ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, APRA also called for enhanced powers, saying its experience led it to believe stronger powers can help in achieving enhanced supervision outcomes - even if they ...

New campaign combats elder financial abuse

KARREN VERGARA  |  MONDAY, 18 JUN 2018
... abuse support services. It also aims to work with states and territories to develop a national online register for enduring powers of attorney, in addition to developing a national plan on elder abuse. The United Nations designated June 15 as World Elder ...

BTFG boss backs PC super proposals

KANIKA SOOD  |  THURSDAY, 7 JUN 2018
... ban on exit fees, the need for independent directors on superannuation trustee boards and stronger APRA member protection powers," Cooper said. Industry associations FSC and SMSFA also supported PC recommendations on May 30.

Estate planning lawyer fined for misconduct

KANIKA SOOD  |  WEDNESDAY, 30 MAY 2018
... the testator had signed it; witnessing the POA before the donor had signed it, making a false certificate under s19 of Powers of Attorney Act 2003; and seeking the client execute a will or POA when the documents already had the legal practitioner and ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... insurance sector by moving to establish an ongoing data reporting regime which takes advantage of APRA's data collection powers. The regime will regularly publish reliable and comparable aggregated industry and insurer-specific data to improve the transparency ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
The Federal Government has agreed to strengthen some of ASIC's powers but has deferred acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings. In its response to the Senate ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... have copped serious penalties under the Act if the offer had proceeded, ASIC said. On 19 April 2018, ASIC was delegated powers from the Australian Competition and Consumer Commission (ACCC) to regulate crypto-assets under the Australian Consumer Law. ...