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Showing 301 - 310 of 522 results for "Powers"

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 ...

China stimulates

BENJAMIN ONG  |  THURSDAY, 10 SEP 2015
It couldn't have come soon enough. Hopes that China's powers-that-are would counter the slowdown in their economy with more stimulus measures - any stimulus measure - just turned into reality. Yes folks, Beijing's topping up last month's monetary policy ...

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said. Speaking at the Banking and Financial Services Law Association conference ...

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
... discussion paper. Given the definition of independence is central to these new practices, the paper states APRA will be given powers to rule on whether a trustee director is independent and whether a director is a 'fit and proper' person. In making such ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... makes no attempt to discern small business from any other employer and offers nothing by way of increased resources or powers to the ATO to police the spiraling problem. As a part of announced changes, the SG charge will be simplified by aligning the ...