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Showing 531 - 540 of 781 results for "Scope"

Cuts to ASIC and ATO push industry to self-regulation

LAURA MILLAN  |  WEDNESDAY, 14 MAY 2014
... next three years for the ATO and of $120.1 million over the next five years for ASIC. "The government thinks that there is scope for the financial services industry, and for all the other industries, to self-regulate more," the Parliamentary Secretary ...

Promises promises and broken promises

BENJAMIN ONG  |  WEDNESDAY, 7 MAY 2014
... This is also another positive as it eases inflation pressure on the economy that would give the Australian central bank scope to lower interest rates should it become necessary. And it might... be necessary... soon enough, particularly if next week's ...

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
... executive John Brogden earlier this year. Brogden said that, while the FSC supports the "twin peaks" of APRA and ASIC, the "scope and role of the two regulators needs to be examined." "On too many occasions over the past few years the parliament has ...

Industry receives FoFA bill with mixed feelings

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... weakening the best interests duty," Whiteley said. He added that "many problems remain" and noted that "the changes to the scope of the general advice exemption are minor and will still permit the payment of commissions on compulsory super including ...

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
... may confront any provider who seeks to rely upon existing provisions." They continued: "Having regard to the established scope of the best interests obligation (i.e. in relation to a recommendation or statement of opinion about financial products in ...

Advisers have to act in client's best interests: PM

ALEX DUNNIN  |  TUESDAY, 18 MAR 2014
... adviser's best interest duty in legislation, because such requirements are already in force under Common Law any attempt to scope them down by removing the 'catch-all' phrase from the FOFA legislation may be ineffective.

This means war (again)

BENJAMIN ONG  |  FRIDAY, 14 MAR 2014
... weaker-than-expected reports out of China? It's rebalancing and even if it's not, easing inflation in the country gives the PBOC scope to move... and it has more than sufficient means to do it.

Regulators must enforce rules, not write them: Brogden

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
... strayed into the arena of writing regulations. While he said the FSC supports the "twin peaks" of APRA and ASIC, he said the "scope and role of the two regulators needs to be examined." "On too many occasions over the past few years the parliament has ...

Better ASIC-AFP relationship could lead to more prosecutions

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... Federal Police (AFP) was remedied, the Senate Economics Reference Committee has heard. ASIC officials admitted that there was scope for a more efficient delivery of justice during the Senate Economics Reference Committee public hearing on the inquiry ...

Fears to FoFA amendments "overplayed": AFA

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
Fears that the amendments to the best interest duty of the Future of Financial Advice (FoFA) legislation will affect the quality of advice are "overplayed," the Association of Financial Advisers (AFA) said. "Improving the best interest duty does help ...