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Showing 31 - 40 of 176 results for "Privacy"

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... obligations under Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, the Privacy Act 1988, and the Tax Agent Services Act 2009. Candidates must also study financial advice construction, which is the ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... said tracking the effectiveness of retirement-focused assistance to members was a priority. Many were struggling with privacy and security issues, and the cost of the endeavour when it comes to collecting more member data. Trustees also cite members' ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... of training and support for those affected, establishing a hotline for consumers and service providers, reviewing the privacy and whistleblower protection laws, harmonising the current state-based laws to be national, establishing a national register ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... challenges, advice firms must have a comprehensive plan in place. This includes implementing robust data security and privacy measures, adhering to best practices, and following regulatory guidelines. "Firms should establish clear AI governance frameworks ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... concerns they may inadvertently be providing personal financial advice. In addition, it said that trustees and members have privacy and information security concerns that must be addressed. "Surely, it should be in members' best financial interests ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... said redactions had been made because of assertions by Provide Capital of purported compliance with confidentiality and Privacy Act obligations. The court noted that "any obligation of confidentiality" that exists concerning the specified books must ...

Adviser exam records 73% pass rate

JAMIE WILLIAMSON  |  FRIDAY, 15 SEP 2023
... obligations, including Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning and communication (including the Code ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... future cyber-attacks," Kallenbach says. This is driven, in part, by layers of cyber-related regulation, including the Privacy Act, the Corporations Act, and the Security of Critical Infrastructure Act. Moreover, with the recent large scale data breaches ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... were concerned about the costs and difficulty of collecting additional data mainly due to the lack of member engagement, privacy and data security concerns. They were also uncertain about how they would use the data. "We recognise the difficulty for ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... available products and services incorporating, using, or relying on large language models has engaged in unfair or deceptive privacy or data security practices," it said "... or engaged in unfair or deceptive practices relating to risks of harm to consumers ...