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Showing 11 - 20 of 5693 results for "Commission"

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
The chief executive of the Australian Securities and Investments Commission (ASIC) will be leaving the regulator, effective June 1. ASIC chair Joe Longo accepted a request from the Commonwealth Director of Public Prosecutions (CDPP) for ASIC chief executive ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... against peers. This is amidst AMP's aggressive simplification program which has been in play since the Hayne Royal Commission and led to the divestment of several business units, including AMP Capital and SuperConcepts. "For executives, as part of ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. "Lanterne, through Mr Cozens, should have known better," Justice McEvoy said. He said the $1.25 million penalty is intended ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... decides that they don't raise any competition concerns. The average period for the Australian Competition and Consumer Commission (ACCC) to process merger authorisations has been 171 days. Chalmers and Leigh added that they plan to introduce a single ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... private equity investment group have applied to the Federal Court to strike out the Australian Securities and Investments Commission's (ASIC) case against the group's managing director James Mawhinney. The strike-out application seeks to have more than ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
Fines for alternative fund managers for breaking regulations are expected to rise, according to new research commissioned by Ocorian. The international study among fund managers at private equity, venture capital and real estate firms revealed 79% were ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... did not have the state of mind required to conduct an investigation under the Australian Securities and Investments Commission Act 2001 (ASIC Act). Justice Rofe found that the firm's argument was "illogical and therefore that Provide Capital's ...

Aware Super chair named governor-general

ELIZA BAVIN  |  WEDNESDAY, 3 APR 2024
Samantha Mostyn has been confirmed as Australia's new governor-general after Prime Minister Anthony Albanese's recommendation was approved by King Charles III. Mostyn said she was honoured by the appointment and was ready to serve with "integrity ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... retail client about a life risk insurance product, general insurance product or consumer credit insurance and receives a commission in connection with the issue or sale of that product must obtain the client's informed consent before accepting the ...