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Showing 291 - 300 of 516 results for "Powers"

Senate to investigate white-collar crime

LAURA MILLAN  |  THURSDAY, 26 NOV 2015
... ASIC doesn't have the array of administrative penalties available that other jurisdictions have, let alone have strong powers to reclaim any ill-gotten gains. "For too long the sector has worn penalties of corporate wrongdoing as a cost of doing business. ...

Parliament repeals key FoFA amendments

LAURA MILLAN  |  TUESDAY, 24 NOV 2015
... the clarification of the application of the client-pays and intra-fund advice provisions and the expansion of regulators' powers to allow the Government to wind back existing exemptions to conflicted remuneration to address any future unintended consequences ...

PROFILE: NAB Financial Planning general manager Paul Fog

ALEX BURKE  |  MONDAY, 23 NOV 2015
... Fog with the tools to navigate the more complex aspects of financial planning - the murkier waters of estate planning and powers of attorney. "I remember at the time, Lend Lease owned MLC," he recalls, "and they were looking to bring in people from different ...

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... insurance. By end-2016: Develop legislation to broaden ASIC toolkit including greater banning and product intervention powers. Regulation What the government said: "The Inquiry found that while our regulatory architecture does not require major change ...

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
The government has said it will grant the Australian Securities and Investments Commission (ASIC) additional powers to effectively regulate the financial services sector. More than 10 months after the release of FSI chairman David Murray's final report ...

SMSFs impacted by power of attorney rule changes

STAFF WRITER  |  THURSDAY, 24 SEP 2015
... attorney in Victoria, which came into force on 1 September, will impact the way SMSF advisers service their clients. The new Powers of Attorney Act 2014 consolidates the enduring power of attorney and enduring power of guardianship into a single enduring ...

Life powers Chinese insurance industry

ALEX BURKE  |  THURSDAY, 24 SEP 2015
Life insurance is the primary driver of the rapid growth of China's insurance industry, according to research from credit agency Dagong. Dagong's report showed that life insurance represented 62.7% of gross premiums written at the end of 2014. Similarly ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... director roles. However, the government's proposal to give the Australian Prudential Regulation Authority (APRA) additional powers to determine what makes a director independent has angered industry superannuation fund representatives. The Australian ...

Key executives depart ANZ ETFs

LAURA MILLAN  |  WEDNESDAY, 16 SEP 2015
Two executives have stepped down from their roles as co-heads of ANZ ETFs, the joint venture between ANZ and ETF Securities. Only four months after announcing the partnership, ANZ ETFs co-head and head of distribution Danny Laidler and co-head and chief ...

Cbus responds to Royal Commission allegations

DARREN SNYDER  |  WEDNESDAY, 16 SEP 2015
... then took extreme measures to conceal their wrongdoing. It took five months of investigation, and the exercise of coercive powers by the Commission, to uncover their activities," Cbus' submission said. "The Commission's key whistleblower with respect ...