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Showing 261 - 270 of 1074 results for "Commissioner"

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's National Conference via video link that several key projects are progressing ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' showed new registrations increased by 7% in 2020 compared to ...

Aon, WTW merger will reduce competition: ACCC

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... complex and/or high-value insurance premiums; reinsurance broking; and employee benefits broking in Australia" ACCC commissioner Stephen Ridgeway said. The regulator said the proposed merger may lead to price increases or reduced service levels for large ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... exceeded $2.2 million and that CBA's conduct in relation to this resulted from inadequate systems and processes. ASIC commissioner Sean Hughes said: "Financial services institutions need to have appropriate systems, governance and controls in place to ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
... alternative venue available, we are examining why far more trading did not occur on Chi-X on the day of the outage," ASIC commissioner Cathie Armour said.

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 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 ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... It was also recommended that advisers are bound by the same obligations as mortgage brokers (Recommendation 1.6). Commissioner Kenneth Hayne slammed the advice industry for its poor background-checking practices, urging it to follow in the footsteps ...

Malicious attacks most common in finance

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
... data breaches last year, beat out only by the health sector, according to the Office of the Australian Information Commissioner (OAIC). The Notifiable Data Breaches Report found the finance sector accounted for 15% of all reported data breached in the ...

Key finance figures in Biden Cabinet

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... firm Village Ventures - which was backed by Bain Capital. She also served as Rhode Island's state treasurer. Current commissioner of the Federal Trade Commission Rohit Chopra has been nominated to take on the role of director of the Consumer Financial ...