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Showing 291 - 300 of 1327 results for "Parliament"

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... builds on the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020. The new law, which was introduced in parliament on November 12, will force those providing claims handling and settling services to be covered by an AFSL. It also means ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... executive for Australia and Pacific zone leader David Bryant that too many underperforming super funds appeared before parliament saying that it is "way too complicated" to be judged using a specific benchmark and period of time in the market. Referencing ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... they were employing. The Financial Sector Reform (Hayne Royal Commission Response) Bill which has been introduced to parliament includes obligations for AFSLs to comply with an ASIC reference checking and information sharing protocol. Now, ASIC has developed ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
The Australian National Audit Office (ANAO) has answered questions in regards to the remuneration of ASIC chair James Shipton and former deputy chair Daniel Crennan. At the parliamentary joint committee on corporations and financial services, chair ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 addresses 20 recommendations ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... accounting firms in a bid to combat conflicts of interest. The Regulation of Auditing in Australia: Final Report, tabled in Parliament on November 11, made 10 recommendations on how the quality of audits in Australia can be improved. Some of the issues ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... investigate the matter. In late October, Auditor-General for the Northern Territory Julie Crisp tabled the findings in parliament and blamed the lack of oversight for the errors. She wrote: "It is evident from the number of errors identified during this ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... of the cost or the complexity of getting that advice. Without the government's focus on this critical issue and the parliament's support, we will resign ourselves to a future in which only the wealthy can afford to access financial advice," De Gori said. ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... Helen Rowell said the 'Your Future, Your Super' reforms are aligned with APRA's agenda. "If passed by the parliament, the 'Your Future, Your Super' package will shine a brighter light on fund performance and trustees' expenditure ...

Chief economist update: Winter of Europe's discontent

BENJAMIN ONG  |  TUESDAY, 6 OCT 2020
... restaurants in the Paris region on Monday, if numbers continue to rise. Italian Prime Minister Conte said he will ask parliament to extend the country's state of emergency to the end of January, as the government tries to avoid the surge in cases ...