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Showing 251 - 260 of 1074 results for "Commissioner"

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... options' product characteristics make them incompatible with investment or risk management use by retail clients," ASIC commissioner Cathie Armour said. "ASIC's product intervention order will protect retail investors from these harmful products at a ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... conducting a sales campaign aimed at rolling customers into Westpac products under the banner of general advice," ASIC commissioner Danielle Press said. "By clarifying the distinction between tailored, quality, personal advice in the customer's interest ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... trustees is to be provided in the coming months, ASIC said. All three new instruments are directly in response to Commissioner Kenneth Hayne's recommendations from the Royal Commission. "ASIC said that the instruments were designed to strike a balance ...

ASIC okay with virtual AGMs

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... during the ongoing pandemic where there is still uncertainty around restrictions on gatherings and travel," ASIC commissioner Cathie Amour said. Full details are to be released over coming days. ASIC said it will not be providing a no action position ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... providing financial services must not prioritise their own interests or simply implement client instructions," ASIC commissioner Danielle Press said. "Individuals and organisations entering into court enforceable undertakings with ASIC have binding obligations ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... commercial standards of decency and fairness, ensuring claims are handled in a fair, transparent and timely manner," ASIC commissioner Sean Hughes said. "This case was highlighted by the Royal Commission. These stories matter not just to individual policyholders ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... Client Protection Policy was to exclude or limit Dover's liability to clients to its own financial benefit," ASIC commissioner Danielle Press said. "The significant penalties handed down today demonstrate the seriousness of this misconduct and will act ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
Every aspect of the aged care system is plagued by complexity and systemic problems that puts the most vulnerable at risk, the landmark inquiry found in its in final report. The final report of the Royal Commission into Aged Care Quality and Safety ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
... was convicted in the Heidelberg Magistrates Court of three counts of making a false and misleading statement to the Commissioner of Taxation. The ATO said Saleh made the false statements to receive $6000 in JobKeeper payments which he was not entitled ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... ability to identify and take enforcement action against complex markets and financial services contraventions," ASIC commissioner Sean Hughes said. The immunity will be only granted to the first person who satisfies the immunity criteria and reports ...