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Showing 561 - 570 of 1075 results for "Commissioner"

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... Dishonesty and greed were the key themes that underscored the Royal Commission's hearing into financial advice, Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... on a licence or revocation of authorisation or a licence. ASFA chief executive Martin Fahy said in the lead up to Commissioner Kenneth Hayne handing down his final recommendations, it is imperative that industry and regulators begin work on identified ...

Industry veterans join global commission

DARREN SNYDER  |  MONDAY, 24 SEP 2018
The chairman at a $6 billion Australian infrastructure fund and a former AIST chief executive are being welcomed as executives of a new global financial sector initiative which targets the end of modern slavery and human trafficking. Joining the newly-formed ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... lack of respect on the part of CBA for FOS, and the external dispute resolution process more broadly," she said. Commissioner Kenneth Hayne commented that several questions emerged from CommInsure's case study - if departing from steps required by FOS' ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... reasons for a decision in response to a complaint about the proposed payment of a death benefit. Costello suggested to Commissioner Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the ...

Don't use multiple SMSFs to dodge tax: ATO

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
... Self-managed super fund trustees are using multiple SMSFs to manipulate tax outcomes, Australian Taxation Office deputy commissioner superannuation James O'Halloran said in his speech to the National SMSF Conference in Melbourne. The ATO believes 13,600 ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... manage risk, and consider ow best to comply with the law where it requires the disclosure of material risks. ASIC commissioner John Price said the regulator would monitor market practice of climate risk disclosure as it continued to develop both here ...

Kell resigns from ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... contribution to ASIC and wishes him well in his future endeavours," Frydenberg said. Kell's resignation brings ASIC's commissioner lineup to six, with new commissioner Danielle Press starting this week and Sean Hughes commencing later in the year. ASIC ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... interests. In opening the fifth round of the Royal Commission on August 6, counsel assisting Michael Hodge urged Commissioner Kenneth Hayne to examine: "What happens when we leave these trustees alone in the dark with our money?" "Can they be trusted ...