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Showing 431 - 440 of 937 results for "Compensation"

Government allows domestic violence victims early super access

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... also coupled with consideration of how they could then access the perpetrator's super as part of victims of crime compensation," she said.

AFCA creates small businesses ombudsman role

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... of up to $5 million. AFCA independent chair Helen Coonan said small businesses will also benefit from an increased compensation cap from $323,500 to $1 million, while primary producers' compensation cap sits at $2 million. These are significant increases ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In its submission the Labor Party said it conducted 13 roundtables across Australia with victims of bank ...

Westpac admits it didn't take FoFA seriously

KANIKA SOOD  |  WEDNESDAY, 7 NOV 2018
... working to identify how big the issue is for the bank's aligned advisers. On Friday, Westpac said it was expecting its compensation bill to shave off $281 million from its FY18 cash earnings - this was $46 million higher than Westpac's previous estimate ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... providers, insurance companies or superannuation funds," he said. "AFCA will have significantly higher monetary limits and compensation caps than were available under the Financial Ombudsman Service (FOS) and Credit and Investments Ombudsman (CIO)." ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... continue to dampen its future financial performance. Numerous contingent liabilities and potentially paying out more compensation plagued the bank's full-year results as at the end of September 2018, which namely relate to its financial advice and ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... firm to improve failing compliance. The process is supervised by an external expert and in some instances monetary compensation from the firm is also required. Twenty other Australian regulators rely on EUs. Leading the study, UNSW Centre for Law Markets ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... rehabilitation assistance regardless of whether the policyholder's injury is related to work, and if so, workers compensation schemes may apply. Maurice Blackburn countered this proposal in its submission, stating it would inadvertently set up two ...

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
... number of adviser service fees that haven't been yet informed however we expect to have a significant amount of compensation on those customers paid by Christmas," Thorburn said. Is the bank compensating for non-financial impacts? Keogh said the ...

ANZ compensation bill hits earnings

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... expense. The total remediation charge is split approximately 66%/34% between continuing and discontinued operations. The compensation bill includes issues that arose from bad financial advice or for services not provided within ANZ's former aligned ...