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Showing 301 - 310 of 312 results for "AFCA"

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... is committed to increasing ASIC's power and resources, and has established the Australian Financial Complaints Authority (AFCA). "We will allow the Commission to continue to do their work and ASIC will get on with their job of dealing with what are very ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... code compliance committees power to determine whether breaches occurred, give the Australian Financial Complaints Authority (AFCA) ability to enforce compliance through determinations, and provide genuine remedies for code breaches, including financial ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... Financial Complaints Authority. Last week, the Government named former Federal politician Helen Coonan as the inaugural chair of AFCA, which will begin receiving complaints from 1 November 2018. Today, ASIC released draft updated guidance as to its oversight ...

Complaints authority welcomes new chair

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
... long-serving Federal senator and cabinet minister, is the chair of the newly legislated Australian Financial Complaints Authority (AFCA). Minister for Revenue and Financial Services Kelly O'Dwyer said the inaugural chair must have experience in financial ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
Expanding the remit of the newly legislated Australian Financial Complaints Authority (AFCA) to protect some rights of self-managed super members marks a "significant step" for the industry, according to the SMSF Association. Establishing AFCA consolidated ...

AFCA, key housing bills passed

EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... with the financial services industry have cleared both houses of parliament. The Australian Financial Complaints Authority (AFCA), announced in this year's Federal Budget, will be established as a free, binding dispute resolution service to hear financial ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... consultation paper on the terms of reference, governance and funding arrangements for the Australian Financial Complaints Authority (AFCA). AFCA, expected to operate as of 1 July 2018, is a free, fast and binding dispute resolution service for consumers ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
... Minister for Revenue and Financial Services, provides an update on government reforms due next year, including the transition to AFCA, the Australian Financial Complaints Authority, a one-stop ombudsman service for consumer complaints on financial services ...

Industry body questions AFCA funding model

EMMA RAPAPORT  |  THURSDAY, 28 SEP 2017
... between sectors," the AIST said. "Our submission notes that as each sector of the finance industry will be required to fund AFCA it is important that each does not pay more than their fair share." The AIST will also raise concerns about appeal rights ...

Panel appointed to ease AFCA transition

JAMIE WILLIAMSON  |  WEDNESDAY, 23 AUG 2017
... respectively. The Government has asked that stakeholders be consulted at length as to issues surrounding the establishment of AFCA as it will stand as an industry body from 1 July 2018. Minister for Revenue and Financial Services Kelly O'Dwyer said the ...