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Showing 31 - 40 of 238 results for "Ombudsman"

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... and 5% respectively. The scheme has paid 37 claims in total to date, which amounted to about $3.3 million. AFCA lead ombudsman for investments and advice Shail Singh, who also spoke at the event, said about 3000 complaints with AFCA will likely end up ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
... there's a window of opportunity for trustees to act so we don't experience the sorts of issues seen elsewhere," AFCA chief ombudsman David Locke said. Personal transaction accounts were the most complained about products at 16,365, up 19% year on year. ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... benefit market through commercial super funds to better protect members of closed legacy schemes, reaffirming the Pensions Ombudsman as a competent court, and amending the Special Rules for End of Life (Pension Protection Fund and Financial Assistance ...

New inspector-general of taxation appointed

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... extensive experience will "strengthen the important role the Office of the Inspector-General of Taxation and Taxation Ombudsman (IGTO) plays in providing independent oversight and investigation of the Australian Taxation Office (ATO) and Tax Practitioners ...

Pollaers to chair AFCA for another three years

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... vision," the AFCA board said. The board noted that, under Pollaers' leadership, AFCA has matured into "a world-class ombudsman service" and the board has also experienced transformation with strategic leaders having joined to enhance its engagement with ...

Budget 2024: $20k instant asset write-off extended

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... understand and comply with recent workplace relations changes, the Budget will provide $20.5 million to the Fair Work Ombudsman. The government is also providing $3 million to implement the government's response to the Review of the Franchising Code ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... their responsibilities and governs the administrative arrangements between them. The MoU was signed by AFCA's chief ombudsman and chief executive David Locke and CSLR chief executive David Berry. "The CSLR and AFCA have clearly defined, and distinct ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex Sidoti used a case study at the recent AFCA Member Forum to highlight a grey area that advisers can overlook after ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... what it was doing but refusing to acknowledge that its employment practices amounted to wage theft until the Fair Work Ombudsman became involved. "This is one of the largest cases of wage theft yet detected in Australia and one which should be of concern ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... understood or needed. The fees were also excessive when compared to alternative investment products," it read. AFCA lead ombudsman for investments and advice Shail Singh said: "While work is well underway, it will take time to get through the large number ...