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Showing 291 - 300 of 3908 results for "Law"

The productivity problem: Good ideas never put to use

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
The Productivity Commission's (PC) latest Annual productivity bulletin has revealed multifactor productivity growth has been almost non-existent in recent times. The bulletin said a creeping inefficiency and failure to push the boundaries of innovation ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... Court explained that because members essentially retained the benefit from AustralianSuper's wrongdoing, and because there is law prohibiting penalties being paid directly from member funds, a lower penalty was sought. Court also pointed out ASIC can ...

TAL taps ex-CBA deputy as chair

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... executive of corporate affairs, and chief risk officer. Before joining CBA, he was general counsel at AMP and a partner at law firm Allans. "I'm delighted to be joining the TAL Board and working with chief executive Fiona Macgregor and the executive ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
... a fit and proper person to participate in the financial services industry and is likely to contravene a financial services law. ASIC said the banning took effect from 19 February 2025 and was recorded on the Banned and Disqualified persons register. ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
In a bid to curb monopolistic practices, ASIC's new powers that mandate the ASX to be more transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now. Under the ASIC CS Services Rules 2025 ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple accounts in the way the law required for the period between 13 March 2019 and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... focused on holding trustees to account for ensuring the delivery of those services meet the fair expectations and standards of law of their members. "As part of that, we are just about to release an extensive report with one year's worth of data ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... in respect to potential findings and remediation activity, when the most suitable arbiter of compliance with superannuation law is APRA itself, especially when APRA has examined these specific matters with BUSSQ in the recent past, with no evidence of ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ...

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... by mandating additional skills requirements for directors." The report noted that super trustee boards are not required by law to have independent directors or an independent chair. "The committee believes this needs to change to ensure that that the ...