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Showing 21 - 30 of 34 results for "Financial Accountability Regime"

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
... organisational structure is going to be very important for super funds, particularly with the Financial Accountability Regime coming in. He said: "Ultimately, it's a team effort... but having someone who is solely focused on the retirement strategy ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... have to pursue compensation by other means. Similarly, Jones wants to expedite the passage of the Financial Accountability Regime (FAR), which will put more accountability on senior executives running banks, insurance companies, and superannuation funds. ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... Australia (FPA) has voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR in promoting consumer trust in financial ...

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 ...