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Showing 271 - 280 of 1074 results for "Commissioner"

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... complaint to a federal regulator found the fund interfered with their privacy. The Office of the Australian Information Commissioner (OAIC) on December 16 delivered a judgement on a complaint that an AustralianSuper member filed over three and a half ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
... and others, supervision and review of audits, and accountability of partners and others for audit quality," ASIC commissioner Cathie Armour said. Auditors' weakest point, she said, was in the areas of asset valuations, particularly impairment of non-financial ...

ASIC to review impact of ASX outage

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... 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. "ASIC expects participants to review their arrangements for dealing with market outages and disruptions ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The Australian Taxation Office assistant commissioner said he is focused on ensuring SMSFs remain a strong and credible retirement planning choice for Australians going forward. In an end of year message, assistant commissioner Justin Micale said as ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... design and distribution obligations. In a letter to trustees co-signed by APRA deputy chair Helen Rowell and ASIC commissioner Danielle Press, the regulators highlighted how the new obligations will interact and where they complement. The Business Performance ...

ACCC gives IOOF go ahead

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... acquisition of MLC Wealth despite both firms supplying platforms for superannuation, investments and financial advice. ACCC commissioner Stephen Ridgeway said transactions that combine two major firms in a sector attract scrutiny from the regulator. ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... superannuation accounts have insurance attached, and a majority have the default insurance offered by the fund," ASIC commissioner Danielle Press. "The decisions superannuation trustees make about default insurance arrangements are important because ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... created through contrived schemes, but actual losses that can be traced back to commercial operations," ATO deputy commissioner Rebecca Saint said. "Companies that report sustained losses year-on-year face scrutiny from the Tax Avoidance Taskforce," ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... payments; restrictions on deducting advice fees from superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into practice, the new law is aiming to curb the fee-for-no-service problem. Advisers ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... consideration when designing default categories, ASIC said, adding that there are vast areas of improvements. ASIC commissioner Danielle Press warned that trustees "may be contravening their legal obligations if they fail to ensure that insurance premiums ...