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Showing 381 - 390 of 1075 results for "Commissioner"

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... portion of the funds, telling the victims that the money was paid to the Australian Taxation Office. ATO Assistant Commissioner Ian Read said the sentence handed down demonstrates that promoters who encourage illegal early access to superannuation will ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... and financial situations were inadequate. Lime FS decided to close both tools. Both websites are now defunct. ASIC commissioner Danielle Press said: "Digital advice tools offer a convenient and low-cost alternative to consumers who may otherwise not ...

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... claims and insurers lacked clear key claims data to help them effectively manage the risk of consumer harm. ASIC Commissioner Sean Hughes said the regulator found it alarmingly that three TPD claims a day are assessed under the restrictive 'activities ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... combined - make it "extremely unlikely" for investors to gain any advantage from managing their own retirement savings. Commissioner Danielle Press said the corporate regulator is concerned that too much of the public's focus on SMSFs is on their ...

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... decreased productivity and support services related to mental health cost businesses around $13 billion each year. Commissioner for the Royal Commission into Victoria's mental health system, Allan Fels said financial services firms in particular ...

Former NAB adviser sentenced

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... names of his clients and withdrew their funds from those accounts, impersonating his clients in the process. ASIC commissioner Sean Hughes said Eung's actions amounted to a breach of client trust for his own advantage. "Mr Eung was trusted by his clients ...

ASIC casts doubt over Dollarmites

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
... curriculum, and needs to be - and there is a long history of school banking programs in Australian schools," ASIC commissioner Sean Hughes said. As CBA's Dollarmites is the most prolific of the programs in question, it is sure to attract some comments ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... introduction of a 'default once' framework to prevent unintended multiple accounts, as recommended by both Commissioner Kenneth Hayne and the recent Productivity Commission review of superannuation, and legislating an obligation for trustees ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... pages of the Royal Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in 2021 and the regulator should conduct ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... cause to clients. "The Commission's recommendation to abolish grandfathered commissions is invalid because the commissioner failed to follow the directive in clause K of the terms of reference requiring consideration to be given to the impact of ...