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Showing 21 - 30 of 31 results for "Financial Accountability Regime"

Government introduces FAR, CSLR Bills

ANDREW MCKEAN | WEDNESDAY, 8 MAR 2023

The Financial Accountability Regime and Compensation Scheme of Last Resort have been introduced to Parliament by Assistant Treasurer Stephen Jones. The Financial Accountability Regime (FAR) Bill 2023 aims to promote accountability and responsible behaviour ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI | FRIDAY, 25 NOV 2022

... entities will need to navigate over the coming year. These include the commencement of the new Financial Accountability Regime, the growing issue of cyber risk and APRA's enhanced prudential requirements around operational resilience. "Over the past ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN | FRIDAY, 9 SEP 2022

... APRA-regulated entities and to provide for joint administration between APRA and ASIC. "The new Financial Accountability Regime (FAR) imposes a strengthened responsibility and accountability framework that will ensure that the directors and most senior ...

ASIC highlights strategic priorities

CASSANDRA BALDINI | TUESDAY, 23 AUG 2022

... practices, crypto assets, design and distribution, breach reporting, cyber and operational resilience, Financial Accountability Regime (FAR) and digital technology and data. The report said: "Our regulatory environment is changing and evolving - climate ...

APRA, ASIC provide annual update

CHLOE WALKER | THURSDAY, 16 DEC 2021

... 2021, as well as delivering a number of significant law reforms. The Australian government's new Financial Accountability Regime (FAR) has been a particular focus in this regard. The FAR is aimed at improving the governance and risk management of entities ...

Major legislations hit parliament

KARREN VERGARA | FRIDAY, 29 OCT 2021

... to provide the legally required protection for clients, the association said. Separately, the Financial Accountability Regime was also tabled in parliament yesterday. FAR extends the Banking Executive Accountability Regime to all APRA-regulated entities ...

ASIC outlines corporate plan

ANNABELLE DICKSON | THURSDAY, 26 AUG 2021

... Further to this, ASIC will work on preparing the industry for compliance with standards Such as the Financial Accountability Regime, reforms in superannuation and insurance, breach reporting, and the design and distribution obligations. In terms of its ...

FAR draft legislation released

KANIKA SOOD | MONDAY, 19 JUL 2021

The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN | THURSDAY, 24 SEP 2020

... "This underlines the importance of the Federal Government acting on its commitment to pass the Financial Accountability Regime (FAR)." "Individual executives will not be able to hide behind large corporate pay-outs. This new regime will ensure that executives ...

Super consolidation to slash 60% of funds

HARRISON WORLEY | TUESDAY, 9 JUN 2020

... increased focus on member outcomes, fees, costs and performance, the impending implementation of the Financial Accountability Regime and ongoing discussions about default arrangements and enhanced prudential oversight. "Other issues include demographic ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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