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Showing 11 - 20 of 31 results for "new ASIC"

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... Sector Superannuation accumulation plan (PSSap). No details of the agreement were disclosed. Historic data indicates 134 new ASIC employees joined the default option last financial year. The regulator first issued tender documents at the end of 2018 ...

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
ASIC's new intervention powers - which ultimately aim to protect retail clients - will impose significant regulatory and compliance obligations on product issuers and manufacturers, lawyers warn. A white paper by law firm Hall & Wilcox highlights the ...

ASIC seeks new default super partner

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... $10 billion in assets, meaning roughly two-thirds of funds need not apply. Those that do must also be able to provide new ASIC employees with TPD, death and income protection insurance cover. In regards to fees, ASIC has requested interested parties ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... personal advice to retail clients on relevant financial products contributed $934 per adviser in the first year of the new ASIC funding model. These alone totalled more than $25 million. Conversely, superannuation funds, investment managers and managed ...

Government names new ASIC chair

ALEX BURKE  |  TUESDAY, 17 OCT 2017
The Federal Government has named the new ASIC chair to succeed Greg Medcraft, this time with Labor's approval. Starting in February, James Shipton will take on the role for a five-year term. Shipton is currently executive director of Harvard Law School's ...

Government pushes ahead with new ASIC funding model

ALEX BURKE  |  FRIDAY, 5 MAY 2017
The Federal Government has released its exposure draft legislation for ASIC's new industry-funded cost recovery model. Minister for Revenue and Financial Services Kelly O'Dwyer said the model represents "the next step in meeting the Government's commitment ...

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
... treated consumers "affect the whole community." The government will consult with stakeholders on the development of a new ASIC product intervention power that could be used to modify products, or if necessary, remove harmful products from the marketplace. ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... emphasis on the exporting of Australian financial services overseas. It called on the FSI to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote ...

FSC: Appoint an ASIC commissioner for international issues

MARK SMITH  |  THURSDAY, 28 AUG 2014
The Financial Services Council (FSC) has called on the Financial System Inquiry to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote financial ...

ASIC finds hedge funds pose no systemic risk

MARK SMITH  |  TUESDAY, 10 SEP 2013
Australian hedge funds do not currently pose a systemic risk to the Australian financial system, a new ASIC report has found. The regulator also found that qualifying hedge funds in the survey also use low leverage and appear to have adequate liquidity ...