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Showing 491 - 500 of 688 results for "Penalty"

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... have greater powers to investigate and disqualify senior executives; it may seek civil penalties of up to one million penalty units if an ADI breaches its obligations under BEAR. The explanatory memorandum defined a large ADI with $100 billion or more ...

ASX healthcare firm denies disclosure breach

ALEX BURKE  |  THURSDAY, 21 SEP 2017
... obligations by not disclosing this information earlier, but said it would comply with the infringement notice and pay a $100,000 penalty "given the anticipated cost of contesting the [notice]." "The issue of the infringement notice, and the company's ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
... review of its life insurance business, CBA said. The bank also confirmed yesterday it will file its defence to the civil penalty proceedings initiated by AUSTRAC by December 15. AUSTRAC will file its response by 16 March 2018. CBA said its board of directors ...

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... obligations. The reforms are also set to improve the effectiveness of the ATO's recovery powers, including strengthening director penalty notices and use of security bonds for high-risk employers, to ensure that unpaid superannuation is better collected ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... took into consideration the heightened public interest in executive remuneration, particularly having regard to the civil penalty proceedings initiated last week by the Australian Transaction Reports and Analysis Centre (AUSTRAC). "In advance of the ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... are required to report significant cash transactions of $10,000 or more to AUSTRAC. As at April 2016, the maximum civil penalty a court may order for an individual contravention is $18 million. Earlier this year, the Federal Court fined gambling and ...

Sydney RE to pay for false ads

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2017
... contravened section 12DB of the Australian Securities and Investments Commission Act 2011. As such, and in addition to the penalty, Huntley was ordered to post notices on its website about the statements being misleading and to also pay ASIC's litigation ...

Not too late to maximise super

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2017
... it's done right. If a super balance falls between $1.6 and $1.7 million, clients have six months to reduce it without penalty. If this is not addressed by December 31, the balance still needs to be reduced - "you have to reduce the amount in excess plus ...

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... discretionary accounts: brokerage fees and commissions. Synergy has removed the statements from its website and paid a penalty of $10,800.

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... register with APRA, while the regulator's powers to remove and disqualify senior executives will be strengthened. New penalty provisions and deferral of remuneration for senior executives will also be introduced. "If in breach, they can be deregistered ...