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Showing 571 - 580 of 3388 results for "Response"

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... regulator urged advisers to go into product systems and check that they have the right amounts in their FDSs. "Now, that is a response to the law. The law is very inflexible, but it's incredibly impractical and inefficient. So, there's a strong ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... a penalty regarding the allegation that HCF Life's contracts are liable to mislead the public," it concluded. In response to the proceedings, HCF Life confirmed it's been notified that four of its products will be tested in the courts following ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
... current and former members in the coming months to inform them of this issue and confirm the actions it is taking in response. "AustralianSuper's aim is to return these members to the financial position they would be in now if this hadn't occurred," ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
... nearing retirement and will either start drawing down its super balance or switch funds, liquidity levels should shift in response," she said. Albeit the complexity of measuring liquidity, Bradley explained the Corporation Act provides a guideline, stating ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 federal budget against a backdrop ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Women facing disadvantage are poised to benefit from this year's budget, as Labor promises to expand initiatives introduced in October 2022 that aim to tackle economic inequality. Federal treasurer Jim Chalmers introduced a number of measures on ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... 2023-24. A more pronounced slowdown in the world economy could result from continued tightening in global monetary policy in response to persistent inflation or a deterioration in financial conditions. This would affect commodity prices, consumer and ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... industry, consumer groups and ultimately consumers themselves." ASIC also updated the IDR data reporting handbook in response to industry feedback. Financial firms have been required to record all complaints received and have an effective system for ...