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Showing 241 - 250 of 516 results for "Powers"

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. ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did this instead of "exercising its powers", given that it could lead to better outcomes for the licensee being investigated. "In some cases they can get a better outcome ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
... asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did this instead of "exercising its powers", given that it could lead to better outcomes for the licensee being investigated. "In some cases they can get a better outcome ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... grandfathering rule changes. sufficiently covers this area, he said. Earlier in the morning, the government beefed up ASIC's powers imposing penalties that "represent the most significant increases" in more than two decades, according to Minister for ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
... Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers. Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly O'Dwyer said the new penalties "represent the ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... financial advisers. These include instances of forged customer signatures; customers being impersonated; fraudulent uses of Powers of Attorney; falsely witnessing documents; and the transfer of client funds into advisers' personal bank accounts. ANZ ...

Alternative finance the option for millennials

DARREN SNYDER  |  MONDAY, 16 APR 2018
... business was created in 2007, said the business is likely to see $2.5 billion in loan volumes in this year alone. It currently powers J.P. Morgan Chase's online small business lending program. He said the number one reason US MEs source alternative finance ...