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Showing 371 - 380 of 4090 results for "Conduct"

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... register of accountable persons for insurance and superannuation industries. The key functions include capital management; conduct risk management; data management; financial and regulatory reporting; hardship processes; insurance risk management; operational ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... services. It also believes he is likely to contravene financial services law in the future. "ASIC found that Mr Vee engaged in conduct that was dishonest and demonstrated the opposite of integrity, sound judgment, trustworthiness, and professionalism," ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... Certificate from a 'fail' to 'pass'. Justice Kyrou argued the Karamian had a "low risk" of engaging in conduct such as forgery of a document or misleading ASIC in the future.

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... iExtend has been granted an AFSL, after entering a court enforceable undertaking last year over concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... the government should "strongly consider" splitting its functions between a companies regulator and a separate financial conduct regulator. "Following the Royal Commission, the Australian government increased ASIC's budget and further expanded ASIC's ...

AAT mitigates adviser's permanent ban

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... Tribunal (AAT) overruled ASIC's decision on June 25. Justice Kyrou argued the Karamian had a "low risk" of engaging in conduct such as forgery of a document or misleading ASIC in the future. This is on top of Karamian accepting responsibility and ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The Australian Taxation Office (ATO) has issued a draft update to its tax ruling TR 2023/4 for consultation which determines when a person is considered an employee under the Superannuation Guarantee (Administration) Act 1992 (SGAA). The draft update ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... and 10 May 2024, the rebel shareholders sought "to change the composition of its board and to control or influence the conduct of Sequoia's affairs". They allegedly failed to fully disclose the identity of those they are associated with; the nature ...

Morningstar names new manager research lead

ELIZABETH FRY  |  TUESDAY, 2 JUL 2024
Morningstar Australasia has recruited a former Insignia Financial executive to lead its manager research team and its coverage of Australian and New Zealand fund managers. Matt Olsen - who joins Morningstar as director of manager research ratings for ...

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry's preparedness for ...