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Showing 31 - 40 of 521 results for "Powers"

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... said. "Where APRA identifies practices which fall short of legal requirements, APRA will utilise the full range of its powers to hold an RSE licensee accountable."

Productivity Commission identifies priority reform areas

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... "Now that we've used that input to refine our focus, we want to see the enthusiasm and engagement continue. Productivity powers our living standards and quality of life and everyone has a stake in seeing it grow." Consultation on these reform areas will ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... shortfalls without penalty and to remediate 'honest mistakes' without penalty. Give the Commissioner remission powers to fully or partially remit penalties where there are no signs of deliberate non-compliance. "Payday super is a significant ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... liabilities incurred because of financial abuse. In a bid to hold perpetrators to account, the ATO will also review its existing powers to reallocate liabilities to perpetrators and develop staff guidance on how and when those powers should be applied. ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... further regulatory action if these issues are not urgently addressed. "This could include the use of the regulators' new powers under reforms to modernise the regulatory framework for Financial Market Infrastructures, which came into effect in September ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... with the ASX's CHESS system update issues. "The committee will continue to be interested in ASIC's work using its expanded powers to oversee and intervene in the ASX, in light of recent high-profile problems with the ASX's CHESS system," the report said. ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... will continue to rise - perhaps doubling over the next few years." Chalmers said the government will also be using the "powers and penalties" available to energy regulators and the Australian Competition and Consumer Commission (ACCC) to help ensure ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
In a bid to curb monopolistic practices, ASIC's new powers that mandate the ASX to be more transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now. Under the ASIC CS Services Rules 2025 ...

Platforms placate fee consent ordeal: SuitabilityHub

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... obligations and fee consent form that needed to be provided to product providers," he said. The government has bestowed powers on the relevant minister to mandate a form. But this has yet to happen. "Treasury hasn't necessarily prioritised this issue ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
... proposed the board will be the accountable authority of the new body and collectively responsible for the relevant duties and powers. The consultation paper said that while the new body will be vested with functions and powers currently performed and ...