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Showing 21 - 30 of 521 results for "Powers"

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... pursue recoveries under PII policies. To further strengthen regulatory settings, stakeholders want ASIC to exercise its powers to require licensees to maintain PII for the same length of time as they are required to maintain (Australian Financial Complaints ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
... of licence conditions mean that HESTA is required to take prompt action to address deficiencies. APRA will utilise its powers to hold trustees accountable to meet their obligations to members." In response, HESTA said the change to a new admin platform ...

Australian Ethical Super handed extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 27 NOV 2025
... trustee expenditure decisions are made for the benefit of members. APRA will not hesitate to utilise the full force of its powers to hold trustees accountable to meet this obligation." In response to the APRA action, Australian Ethical Super chair Fiona ...

APRA to continue crackdown on super fund expenditure

ELIZA BAVIN  |  THURSDAY, 13 NOV 2025
... health insurance Carmen Beverley-Smith has warned superannuation trustees that the regulator will use the full extent of its powers if funds are spending member money in irresponsible ways. Beverley-Smith said one reason consumers have a lack of trust ...

Treasury seeks feedback on foreign investment reforms

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... framework will manage risk, deter bad actors and appropriately penalise serious non-compliance with strong and flexible powers to manage high-risk investment to ensure that Australia's national interest and national security are protected. Treasury ...

Housing Australia Future Fund under audit

ELIZA BAVIN  |  WEDNESDAY, 29 OCT 2025
... on new homes were estimated to be triple that of original estimates. "I believe it is appropriate that you exercise your powers under section 11 of the Auditor-General Act 1997 and conduct a performance audit of the expansion of the HAFF availability ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... saying that ASIC needs more power to deal with registered managed investment schemes, and I would be interested to know what powers he thinks they lack, because the Corporations Act gives them a lot of powers," Walker says. Section 601FF of the Corporations ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
... other action needs be undertaken to ensure our regulatory system remains fit-for-purpose and that ASIC has the appropriate powers to better protect consumers." APRA said super investments via platforms are seeing significant growth, rising 14.5% in the ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... Securities and Investments Commission is wrong. While the review into my client's ban is underway, ASIC should focus their powers on ensuring the major institutions along with those trustees and research houses involved in this Shield fiasco that ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... for the Australian Clearing and Settlement (CS) Facility Resolution Regime. The RBA was provided with "crisis resolution powers" in response to a threat posed to the continuity and stability of a domestic CS facility licensee following the passing of ...