Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 341 - 350 of 522 results for "Powers"

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... report on the performance of ASIC. However, we appear to have identified similar issues regarding ASIC's mandate, skills, powers and funding model. This is part of a broader point on the importance of active industry supervision and need for strong ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... it is "the best that the Labor party can do in this position to have these matters dealt with." The government has other powers at their disposal that they're just refusing to use," he said. Labor will also seek to disallow the government's amendments ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... of a "systemic problem" within the financial planning sector. Morris said that while he believed the regulator had the powers to halt the bad planning practices it was made aware of but that they are not properly implemented. "The problem is that ASIC ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... financial industry and is a pivot point from where we need to move from." The report requested the government extend ASIC powers so it could immediately suspend a financial planner if there was suspicion that the adviser "engaged in egregious misconduct ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
... of the deal, BNP would plead guilty to a criminal charge of conspiring to violate the International Emergency Economic Powers Act and would face a months-long ban on its ability to make transactions in US dollars, the Journal on Sunday cited people familiar ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... financial products through general advice. The government will also change the Corporations Act to expand its regulatory powers in relation to conflicted remuneration "to put absolutely beyond doubt how serious the government is about not permitting ...

ASIC warns of complacency over confidential information

MARK SMITH  |  TUESDAY, 27 MAY 2014
... amongst shareholders and the broader market." ASIC Commissioner Cathie Armour warned companies that ASIC has the people, powers and systems to detect misconduct. "Our real-time market surveillance system gives us the ability to aggressively interrogate ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... managed by the Australian Securities and Investments Commission (ASIC). According to the FPA, ASIC "should have suspension powers for financial planners and advisers suspected of material and systemic breaches of the best interest duty." ASIC must have ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...

G-20 goes for growth

BENJAMIN ONG  |  MONDAY, 24 FEB 2014
... slowing becomes a trend. But for now these risks look small. The forward view is for continued global growth and if not, the 'powers-that-are' are there to ensure that global growth continues. This is exactly what the G-20 communique conveyed to you ...