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Showing 451 - 460 of 1712 results for "Breach"

WTW adds cybersecurity consultant

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... clients." The expanding of the team comes as the Office of the Australian Information Commissioner said it received 464 data breach notification in the second half of 2021, with many committed against major organisations. Wiggan is based in WTW's Brisbane ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
... Solutions has been charged under the previous provisions. At the time of the alleged offences, the maximum penalty for each breach of s992A(3) of the Corporations Act was $133,200. The matter is being prosecuted by the Commonwealth Director of Public ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
... that conveys a recommendation that someone should (or should not) invest in that product or class of products, you could breach the law by providing unlicensed financial product advice." "If you're an influencer who receives benefits or payment for ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Heavy-handed regulations puts financial advisers at significant risk of breaching the law, according to the Financial Planning Association of Australia, which is urging the government to strip out layers of complexity in the latest round of reforms. ...

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
The industry super fund's financial advice subsidiary has been hit with a $20 million penalty for charging over 25,000 customers more than $50 million in fees for no service. Between 21 August 2014 and 30 June 2018, Aware Financial Services, formerly ...

Bell Financial Group in AUSTRAC probe

JAMIE WILLIAMSON  |  THURSDAY, 17 FEB 2022
Three of Bell Financial Group's subsidiaries are under scrutiny by AUSTRAC, with an audit ordered to assess compliance with financial crime laws. AUSTRAC has ordered that an external auditor be appointed to Bell Potter Securities, Bell Potter Capital ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
Corporate regulator ASIC is being urged to take more action with respect to the collapse of the Sterling Income Trust. A senate committee that recently handed down its final report in its inquiry into the collapse of the Sterling Income Trust is urging ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... to the November 2020 market outage. We are pleased that ASIC's investigation into the outage is closed and that no breach of ASX's licence conditions was found," Stevens said. ASX half-year results to December 2021 show modest gains in operating ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... trustee risks becoming insolvent if a penalty were to be imposed on it, or its directors (e.g., as a result of an inadvertent breach of Commonwealth legislation), and the trustee does not have sufficient capital to pay the penalty." Hostplus is just ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...