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Showing 31 - 40 of 101 results for "ASIC of"

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... provide a statutory declaration. "The Mayfair 101 Group believes that as a Government regulator with enormous powers, ASIC of all entities, should be required to speak with the media on the record only," Mayfair 101 said in a statement. "The Mayfair ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... addition, ASIC found he had also failed to lodge an annual compliance certificate, maintain a trust account and did not notify ASIC of a change in an approved external dispute resolution scheme. The banning is effective from 29 July 2020, ASIC said. ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... statement to Financial Standard, Aon Australia said: "In March 2018, Aon Hewitt Financial Advice (AHFA) voluntarily notified ASIC of suspected breaches of the Corporations Act by two of its third party authorised representatives out of a network of 185 ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
The Financial Planning Association of Australia has hit back at the corporate regulator accusing it of price gouging after increasing the industry funding levy for financial advisers by 38%. The FPA has urged the corporate regulator to reconsider the ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... chair James Shipton said in a letter to Wilson. McPhee's statement before the committee noted that ME Bank notified ASIC of the redraw facility issue and the possibility of altering redraw balances in December 2019. Shipton said McPhee did not provide ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... manufacturers to terminate grandfathered revenue before the legislated 1 January 2021." The association has previously accused ASIC of prompting institutions to turn off grandfathered commissions early, even when a High Court challenge of the grandfathered ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
ASIC revealed just 53% of AFSL applications received this year were approved. ASIC received approximately 2491 applications in 2018-2019 - 64% of AFS licences, 27% for credit licences and 9% relating to professional auditor registrations. In the report ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... 2018, lodge reports or compliance plan auditor reports for the registered managed investment schemes it operates or notify ASIC of changes to its external dispute resolution scheme. ASIC added the company has also failed to maintain organisational competence ...

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... pressure from the regulator to wind up grandfathered commission before the deadline. The AIOFP has previously accused ASIC of using "intimidation tactics" in an effort to wind up grandfathered remuneration early. "CFS's position is similar to other manufacturers ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... revenue under the constitution unless it's under just terms -in other words, with compensation." Johnston accused ASIC of using intimidation tactics to get grandfathered commissions turned off early by product providers. But, he said he is confident ...