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Showing 491 - 500 of 1883 results for "Authority"

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... compensation under the scheme. The CSLR as it is drafted will only help consumers after the Australian Financial Complaints Authority (AFCA) has made a determination on their case. However, in AFCA's rules it is stated that it can only accept complaints ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... changes to the scheme. The draft legislation proposes the CSLR to be a subsidiary of the Australian Financial Complaints Authority. This adds unnecessary red tape by requiring ASIC to administer invoices and payments and significantly increases the government's ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... Commission (ACCC), Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA). The FSC will seek feedback from regulators on their expectations as part of this process," the association said. "The ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... Auckland High Court after the insurer admitted it misled and made false representations to customers. The Financial Markets Authority instigated the proceedings after it alleged that AIA enhanced policy benefits, charged premiums after a policy was terminated ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. AFCA received feedback from financial institutions, particularly small to medium ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Australian Financial Complaints Authority welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... determination by AFCA. The AFSL was cancelled after Trade Wind FS failed to co-operate with the Australian Financial Complaints Authority (AFCA) and pay two AFCA determinations on time. In addition, Trade Wind FS did not lodge its 2019 and 2020 audited ...

Consultation opens for approved courses

KARREN VERGARA  |  TUESDAY, 20 JUL 2021
The Financial Adviser Standards and Ethics Authority is taking feedback on new degrees and courses that should be recognised as prior learning. The consultation period, which opened on July 19 ends on July 30, is seeking to approve a number of several ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... pilot versions were created after two public consultations and closely align with the Australian Financial Complaints Authority's approach to reporting. The changes following the public consultations include removing free text fields, removing mandatory ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... compensation to eligible consumers who have received a determination for compensation from the Australian Financial Complaints Authority (AFCA) which remains unpaid," Frydenberg and Hume said in the joint statement.