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Showing 331 - 340 of 1075 results for "Commissioner"

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... arguing he had significantly impacted his victims lives in order to fund his lavish lifestyle. Worse still, ASIC commissioner Danielle Press said Nowak had acted deliberately. "Mr Nowak deliberately misled his clients and used their funds for his own ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... directing super funds to prioritise liquidity. In a joint letter sent to all registrable superannuation entities, ASIC commissioner Danielle Press and APRA deputy chair Helen Rowell have directed the industry to align themselves with the regulators in ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... person would have employed. The initial determination was reached in 2016. Commenting on the outcome of the appeal, Commissioner John Price said: "This important decision reaffirms ASIC's view of the importance of directors' duties and the obligations ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... his own benefit. The sentence shows the court's approach to deterring dishonest acts such as these," said ASIC Commissioner Danielle Press. As Martin was sentenced in the NSW District Court, the judge was clear in his disapproval of the adviser's ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... reporting entities to ensure compliance with their reporting and monitoring obligations under the ASIC Rules," ASIC commissioner Cathie Armour said. Compliance with the infringement notices is not an admission of guilt or liability, ASIC said. On the ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... engaging in risky behaviour, including engaging in artificial arrangements designed to avoid paying tax. ATO deputy commissioner Tim Dyce said the ATO is still confident that its compliance strategies are tackling the bad behaviour it has seen from higher-risk ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... satisfied similar regulatory supervision and outcomes will be achieved by equivalent overseas requirements. ASIC commissioner Cathie Armour said the regulator's new framework was designed to ensure wholesale investors could continue to access the opportunities ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... be satisfied members have given consent for advice fees to be paid from their superannuation choice account. ASIC commissioner Danielle Press said: "The government proposes to introduce legislation implementing the Royal Commission recommendations from ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... AFSL representatives providing general advice, directors, management and other AFSL employees. "The FPA notes that Commissioner Hayne identified cultural, behavioural and misconduct issues by other participants in the financial services industry such ...

Accountant convicted in fee no service scam

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... information. Offending of this nature undermines public confidence in the share market and public companies." ASIC Commissioner John Price said: "Making false and misleading statements is a serious offence and ASIC will take action when an accountant's ...