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Showing 341 - 350 of 1075 results for "Commissioner"

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... cashflow." The AFA also took issue with page 242 and 243 of the Royal Commission Final Report which stated that the commissioner found no issues with intra-fund advice and defined intra-fund advice as not personal advice. "This is wrong on more than ...

SuperConcepts names new chair

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
... at McPherson Super Consulting. Prior to that, Forsyth was a non-executive director at SuperIQ and assistant deputy commissioner superannuation at the Australian Taxation Office. SuperConcepts chief executive, Lara Bourguignon said Forsyth's SMSF experience ...

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... potential criminal action, following ASIC's investigation. Seven of the cases referred to the corporate regulator by Commissioner Kenneth Hayne are still being looked into by the corporate regulator. "We will continue to put other cases of misconduct ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... the loans on time". It argues Houwing was not "adequately trained or competent to provide financial services". ASIC Commissioner Danielle Press said behaviour like Houwing's tainted the reputation of the financial advice system. "The failure of financial ...

SMSF Association reaffirms ATO partnership

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... that enables ATO employees to be seconded to the SMSFA to gain greater understanding of the SMSF sector. ATO deputy commissioner of superannuation James O'Halloran joined SMSF Association chief executive John Maroney on stage at the final day of the ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... subpoenas were undertaken in each country and significant information was obtained and shared as a result." ATO deputy commissioner and Australia's J5 chief, Will Day said the investigation into the financial institution and its clients is just one example ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... heard of the uptick in enforcements against SMSFs this financial year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year so far, 95 SMSF trustees have been directed to educate by the ATO ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... consumer's best interests when assisting a client to apply for a product when they have recommended another product. ASIC commissioner Sean Hughes said the consultation will provide more clarity to mortgage brokers. "The obligations properly align the ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... interest in shares by offshore entities, as well as, any attempt to provide false or misleading statements,"ASIC commissioner John Price said. "ASIC will hold to account persons who seek to obstruct or hinder its investigations."

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... regulator while retaining APRA's role as the prudential and member outcomes regulator in superannuation. ASIC commissioner Danielle Press said: "ASIC and APRA have a shared commitment to improving the fitness of the superannuation system for Australians ...