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Showing 11 - 20 of 42 results for financial sector reform hayne royal commission

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... include suspending or cancelling a licence or imposing licence conditions. The new rules are covered by the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 and ASIC' Reference checking and information sharing protocol, which both ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... law. The minister for superannuation, financial services and the digital economy Jane Hume introduced The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 in parliament on June 24. Otherwise known as the Better Advice ...

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... their AFSL to provide claims handling, following a submission outlining issues. The government passed Financial Sector Reform (Hayne Royal Commission Response) Act 2020 in December 2020 and required AFSLs to include an authorisation to assist with insurance ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... consultation on a draft information sheet on the notify, investigate and remediate obligations for AFS licensees who are financial advisers and credit licensees who are mortgage brokers. "We support the reform goals to promote consistent, timely and ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... pecuniary penalties, alleging the funds breached the Corporations Act and ASIC Act. In December 2020, the Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 and passed the Treasury Laws Amendment (Reuniting More Superannuation) Act ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial advice industry, targeting ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
The Financial Adviser Standards and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... said. ASIC Commissioner Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger Regulators [2019 Measures]) Act 2020. The reforms mandate that ASIC must not ...