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Showing 31 - 40 of 594 results for %22Misconduct%22

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... commission and which they have produced." She further explained that Switkowski's report is modest in comparison to the misconduct in which PwC engaged. "Whilst these structural and governance adjustments may have some positive impact, I remain unconvinced ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... outcomes. Many are narrowing the remediation review period, which should begin when the licensee reasonably suspects the misconduct or failure first occurred and caused loss to a consumer. Licensees did not always consider beneficial assumptions as a ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... explained that the PwC matter highlighted how secrecy laws currently prevent the regulators from disclosing serious misconduct, even where it would be in the public interest to do so. Tax secrecy laws will further be "modernised" by removing limitations ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... action filed in June 2018, impacted AMP shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... class action filed in June 2018, affected AMP shareholders whose share price tanked following revelations of alleged misconduct by the Financial Services Royal Commission. In May 2019, the NSW Supreme Court ordered the litany of class actions levelled ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines for advisers and firms that endorse tax exploitation schemes ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
Mudasir Mohammed Naseeruddin has pleaded guilty to misconduct charges after he encouraged investors to move their super into a self-managed superannuation fund (SMSF) to lend those funds to his two companies. Naseeruddin admitted guilt to two charges ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
... ASIC's jurisdiction and the ACCC's jurisdiction, in which case the ACCC and ASIC work closely together to address any misconduct." The ACCC is seeking feedback from businesses, consumers and other stakeholders on the draft guidance. Consultation for ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... Prosecution's criminal investigation into AMP's fee-for-no-service conduct related to its BOLR policy found no evidence of misconduct and brought no charges against the firm.

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... conduct of a number of partners fell short of what was expected of them. They are now being held accountable for their misconduct," said Stubbins. "While we cannot change the past, we can control our actions today and in the future. Moving forward, the ...