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Showing 571 - 580 of 893 results for "Failing"

AI to influence consumer trust: Medcraft

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2017
Businesses looking to integrate enhanced technological capability must consider its future impacts, or else risk creating a greater trust deficit in the financial services industry. That was the warning delivered by ASIC chairman Greg Medcraft in his ...

Insurtech here to stay: Research

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
Digital insurance technology companies or 'insurtechs' are failing to exploit opportunities in the industry, a new study found. Joint research conducted by global consulting firm Oliver Wyman and German insurance startup Policen Direkt shows the second ...

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
... SEC said in a statement. In a separate incident, Barclays was fined in March by the Australian corporate watchdog for failing to inform local clients they were exempt from holding an AFSL.

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... contraventions of the Corporations Act. These included related party transactions being undertaken without member approval, failing to notify members of material changes to investment risk and failing to manage conflicts of interest. Further, Rowles ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... The committee instead had to rely on Industry Super Australia and Cbus' estimated figure of $3.6 billion in employers failing to pay SG contributions between 2013 and 2014. Thirty-two recommendations were put forth to address the problem, starting with ...

ASIC cancels responsible entity AFSL

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
The Australian Securities and Investment Commission cancelled the AFSL of a responsible entity for failing to comply with a number of its key obligations as a financial services licensee. The company, DD&D Securities, is the responsible entity for Dwyers ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... cancelled the Australian financial services licence of Parramatta-based company Rural & General Insurance Broking for failing to comply with legal obligations and licence conditions. The regulator found the company failed to lodge annual financial statements ...

Praemium details former chief executive's sacking

KARREN VERGARA  |  THURSDAY, 6 APR 2017
Praemium's chair has detailed the difficulties he and the board faced in the lead up to sacking chief executive Michael Ohanessian. The situation came to a head in January 2017, when Ohanessian presented a lengthy document to chair Greg Camm refusing ...

Unclear disclosure costs bank $5m

KARREN VERGARA  |  MONDAY, 3 APR 2017
... Australian and Securities Investment Commission has forced Citibank to refund about $5 million to 230,000 customers for failing to properly disclose credit card international transaction fees. Citibank began charging international transaction fees in ...