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Showing 471 - 480 of 1867 results for "Authority"

Former Macquarie chief to head ASIC, APRA regulator

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The former chief executive of Macquarie has been named as chair of the authority which will review the effectiveness and capability of both ASIC and APRA. Treasurer Josh Frydenberg announced that Nicholas Moore will chair the Financial Regulator Assessment ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... less than two-thirds of financial advisers passed the July exam sitting. The Financial Adviser Standards and Ethics Authority announced yesterday that 60% of the 1963 candidates passed the July exam sitting. This is markedly down from the May sitting ...

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... not protected if the platform fails or is hacked, and cannot make a complaint with the Australian Financial Complaints Authority. ASIC said it understands that some unlicensed overseas platforms are taking or have already taken steps to prevent Australian ...

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... examination regardless of their last sitting is closer to becoming official. The Financial Advisers Standards and Ethics Authority announced yesterday that the Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021 has ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... compensation under the scheme. The CSLR as it is drafted will only help consumers after the Australian Financial Complaints Authority (AFCA) has made a determination on their case. However, in AFCA's rules it is stated that it can only accept complaints ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... changes to the scheme. The draft legislation proposes the CSLR to be a subsidiary of the Australian Financial Complaints Authority. This adds unnecessary red tape by requiring ASIC to administer invoices and payments and significantly increases the government's ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... Commission (ACCC), Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA). The FSC will seek feedback from regulators on their expectations as part of this process," the association said. "The ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... Auckland High Court after the insurer admitted it misled and made false representations to customers. The Financial Markets Authority instigated the proceedings after it alleged that AIA enhanced policy benefits, charged premiums after a policy was terminated ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. AFCA received feedback from financial institutions, particularly small to medium ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Australian Financial Complaints Authority welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending ...