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Showing 321 - 330 of 335 results for "AFCA"

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... estimate for 2018-19 is $37 million and APRA's is $83 million. Elsewhere, the Australian Financial Complaints Authority (AFCA) will receive $1.7 million in 2018-19 to support the establishment of the external dispute resolution scheme. The Association ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... relief for merging superannuation funds. ASFA thinks a July 2018 start date for Australian Financial Complaints Authority ( AFCA ) "may not be possible" given the magnitude of work left in implementing the new framework. So, it is asking for the Treasury ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... a prominent Sydney financial planner, have been appointed to the board of the Australian Financial Complaints Authority (AFCA). The new members are Claire Mackay, Andrew Fairley, Erin Turner and Alan Wein. They join independent AFCA chair Helen Coonan ...

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 ...