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Showing 31 - 40 of 54 results for "Hawking"

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... some tight rules around it. It'll be restricted to this particular package and there's likely to be rules around anti-hawking for starters," Marshan said. SMSF Association policy manager Franco Morelli said the provision of strategic advice is something ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... for his AFSL number. "He literally could not repeat back AFSL to me," Craggs said. "I said do you understand the anti-hawking provisions? Nothing. And I went, 'Mate what you're doing is illegal. You're not allowed to do this'. "Forget about legalities ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... which the government is also acting on through this round of new legislation. Additionally, the government will ban the hawking of super products, formally adjust APRA and ASIC's roles in relation to superannuation, and provide ASIC with joint responsibility ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer outcomes and destroy ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... customer database. ASIC believes the calls to CBA's customers were therefore unsolicited, and thus a contravention of the hawking exceptions in section 992A(3) of the Corporations Act on the part of CommInsure. Each charges carries a maximum penalty ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... proposed conduct accountability regime, single default account, advice fee deductions from superannuation accounts and anti-hawking prohibitions.

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... as well as the "worst practices" among banks and other for-profit entities. This includes the recommendation to ban the hawking of super products, such as the upselling of super along with the sale of bank products, she said. Industry Super Australia ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... or distributors. Consultation is open until August 29. ASIC also intends to review guidance in Regulatory Guide 38 The hawking provisions later this year. This week's spot poll asks if you support the increases to the Superannuation Guarantee.