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Showing 351 - 360 of 1075 results for "Commissioner"

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... influencing of members to make certain decisions, and the use of just one channel to communicate with members. ASIC commissioner Danielle Press said a superannuation trustee's approach to member communications is critical for the success of the PYSP ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
... managers, understand the obligations of financial services providers and make every effort to ensure compliance," ASIC commissioner Danielle Press said. Schroeder did initially apply to the Administrative Appeals Tribunal for a review, also requesting ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner Kenneth Hayne's final report. And while the big banks appeared to be early casualties, it's hard to refute that the financial ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... deregistered from a statutory role by another regulator when ASIC took its action against her. At the time, ASIC commissioner John Price noted the importance of SMSF auditors and said the regulator would always take action against those who failed to ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... trustees from charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth Hayne's final report, Treasurer Josh Frydengberg has released draft legislation implementing several of the report's ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... Pointing to the Royal Commission's final report into misconduct in the financial services industry, Bristow recalled Commissioner Hayne's opinion that adding more regulation was not the answer to the industry's woes. "This is also a point of regulation ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... adviser and accountant, who misled his clients and misused their funds for the benefit of his own business," ASIC commissioner Danielle Press said. "Accountants and financial advisers are in a position of trust. As demonstrated in this case, ASIC is ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
More than a year after it was recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... from the ATO, ASIC answered the question which had been put on notice late last year. The parliament had asked ASIC commissioner Danielle Press if SMSFs with a value under $200,000, on average, produce negative returns. ASIC said: "For the period 2016-17 ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... prudential regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth Hayne that the regulators be bound by a statutory obligation to work together. The Financial Regulator Reform (No.2) ...