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Showing 441 - 450 of 1327 results for "Parliament"

Assistant Treasurer refutes breach allegations

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... claimed Robert remained a director of alternative health company Cryo Australia until this week, despite informing the Parliament he had quit the board upon returning to the ministry. When asked whether ASIC would make any inquiries into the matter ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
Life insurance reforms proposed to provide better rehabilitation and early intervention treatment have been scrapped by the Federal Government. In response to the Parliamentary Joint Committee on Corporations and Financial Services' report released ...

Post Royal Commission change is all talk: Shipton

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
Despite the revelations of the Royal Commission, ASIC is still experiencing deliberate delays from financial institutions in meeting reporting requirements. On Friday, ASIC chair James Shipton told the Parliamentary Joint Committee on Corporations and ...

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes. In a media release on Sunday, Treasurer Josh Frydenberg said criminal penalties were set to double in some cases, while civil ...

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
NAB chief executive Andrew Thorburn failed to give an exact number of clients hit by the bank's misconduct as he fronted the parliamentary inquiry into major banks in Canberra this morning. Thorburn said he expects the total number of customers ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... submission by 26 October 2018. "ASIC will continue to assist the Royal Commission and to work with the Government, the Parliament and other regulators to build a stronger legislative, enforcement and regulatory framework with tougher penalties," Shipton ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
... that enhances ASIC's capabilities and enables it to recruit staff outside of the Public Service Act has passed through Parliament. Under the Treasury Laws Amendment (Enhancing ASIC's Capabilities) Bill 2018, ASIC will have greater operational flexibility ...

Advisers granted stat dec authorisation

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... financial planning, insurance, superannuation, financial product and other documents." The legislation will be tabled in Parliament this week and is subject to a disallowance period of 15 parliamentary sitting days.

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... level of protection, she said, adding AIST will firmly advocate this stance to the Royal Commission, regulators and parliament. NFP funds have had to "staunchly" defend themselves and be on the offensive for far too long against numerous criticisms ...