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Showing 271 - 280 of 522 results for "Powers"

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... would adversely affect the bank's reputation or hurt its customers," he said. In addition, the Government has boosted the powers of regulators so they can keep the system operating at the highest standards, Morrison added. This means empowering APRA ...

APRA pushes for greater control over super

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2017
APRA is calling on the Senate to increase its regulatory powers to help improve superannuation governance, transparency and member outcomes. APRA deputy chair Helen Rowell told the Senate Economics Legislation Committee aiming to address weaknesses ...

Asset managers must work on unique value

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... offering asset allocations consisting entirely of their own underlying strategies, with Cerulli senior analyst Brendan Powers saying asset managers are looking to differentiate themselves in the wake of commoditisation and platform consolidation. "Asset ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... (or 60% of variable remuneration, whichever is less) for up to four years. The bill also proposes APRA to have greater powers to investigate and disqualify senior executives; it may seek civil penalties of up to one million penalty units if an ADI breaches ...

Superannuation gets another makeover

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... unscrupulous employers to short-change workers of their full superannuation guarantee entitlements will also be closed. APRA's powers to regulate funds will be strengthened, enabling the regulator to take preventative or corrective action where they ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... recommendation the ASIC Enforcement Review Taskforce flagged in its sixth report aiming to reform the regulator's banning powers of individuals working in the financial services and credit sectors. ASIC can currently prevent individuals from providing ...

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... of taxation and superannuation obligations. The reforms are also set to improve the effectiveness of the ATO's recovery powers, including strengthening director penalty notices and use of security bonds for high-risk employers, to ensure that unpaid ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... with a corporate-based structure, meaning they will have the legal form of a company limited by shares with most of the powers, rights, duties and characteristics of a public company." Commenting on the release of the draft legislation, Minister for ...

Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... to 12%. The Shadow Treasurer also commented Labor has yet to make a call on the Coalition's proposal of giving APRA more powers to give consumers greater flexibility over their super funds, adding the party will examine the proposals carefully and will ...

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
ASIC could soon be given enhanced powers to receive interception materials, seized by another government agency, in cases of alleged insider trading, market manipulation and financial services fraud. The new powers, outlined in the ASIC Enforcement ...