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

Search Results

Showing 251 - 260 of 523 results for "Powers"

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 ...

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... understanding of customer's circumstances, not just their financial situation. She also suggested reading up on what 'additional powers' are afforded to attorneys of power under the Powers of Attorney Act. Further measures that can prove effective include ...

New regulations will choke unlisted property market: PFA

ALEX BURKE  |  TUESDAY, 3 APR 2018
... according to the Property Funds Association. The PFA said the design and distribution obligations and new product intervention powers will restrict boutique and mid-market providers from expanding retail offerings. Instead, the PFA argued, these managers ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... also give the corporate watchdog's leadership the flexibility to support the implementation and administration of its new powers and increased responsibilities resulting from recent and upcoming law changes. Additionally, the Government introduced legislation ...