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Showing 431 - 440 of 1075 results for "Commissioner"

Super fund proxy voting behaviour revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
A new report from the Australasian Centre for Corporate Responsibility (ACCR) reveals just 11 of the 50 largest superannuation funds disclose complete proxy voting records. ACCR reviewed the disclosures of Australia's super funds' proxy voting ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... result of ASIC's enquiries. The independent expert will report back to ASIC and Kaz Capital in June this year. ASIC commissioner Cathie Armour said of the licence conditions: "Licensees must have an adequate and appropriate compliance framework to govern ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... adoption of regtech solutions in the financial services sector to provide better outcomes for consumers," said ASIC commissioner John Price. "Regtech is something we are keenly interested in, both as a consumer of products and a facilitator of engagement ...

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
... negotiate lower price multiples and obtain better payment terms," Radar Results said. In fact, since the release of Commissioner Hayne's final report in February, Radar Results has been inundated with calls from would-be sellers; the firm recently ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... account balance falls below $6000 and no contributions have been received for 13 or more continuous months." ASIC Commissioner Danielle Press said last month that it is not appropriate for trustees to encourage all members to maintain insurance, as many ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take effect on 1 July 2019. ASIC Commissioner Danielle Press said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members ...

US relaxes active ETF disclosures

KANIKA SOOD  |  TUESDAY, 16 APR 2019
Australia's active ETF industry could benefit as the US securities regulator softens its stance on daily disclosures for the segment. The U.S. Securities and Exchange Commission last week allowed an ETF provider to trade active ETFs without making daily ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... supervision, with prevention as our primary goal." Byres also noted the cases referred to the prudential regulator by Commissioner Kenneth Hayne would continue to be assessed, but do not carry civil or criminal penalty provisions directly. "We continue ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... contravened civil penalty provisions, it can be slapped with a fine of up to 2000 penalty units. The Bill brings to life Commissioner Kenneth Hayne's recommendation against treating of employers from the Royal Commission final report. Hayne found ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... Westpac's current systems, policies and procedures. Findings must be reported back to ASIC with nine months. ASIC commissioner Sean Hughes said the court found after a six week contested trial : "Westpac traded with the dominant purpose of manipulating ...