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Showing 581 - 590 of 1883 results for "Authority"

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... well entrenched". That's fine and dandy, Andy. Australian fiscal and monetary authorities have the means and the authority to support economic agents -- consumers, businesses and investors - until growth becomes self-sustaining. This task has now ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... Selectinvest failed to maintain its external dispute resolution membership with the Australian Financial Complaints Authority (AFCA), and had failed to lodge its annual financial and audit reports since 2017. "ASIC expects AFS licensees to do all things ...

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... continued to take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture with net profit after tax down 95.6% ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... majority of financial advisers who sat the most recent exam passed, according to the Financial Adviser Standards and Ethics Authority. FASEA has released the most recent exam statistics, which show 76% of advisers passed the October sitting. There were ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... national regulator's register of vocational education and training. On November 3, the Australian Skills Quality Authority (ASQA) deregistered the FNS50615 Diploma of Financial Planning, FNS60415 Advanced Diploma of Financial Planning and a further ...

AFCA pivots to member experience

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
The Australian Financial Complains Authority (AFCA) is placing a higher emphasis on member experience following an increase in its membership base, two years on from its launch. In its first two years, AFCA's membership has grown to 40,000 members across ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... was unusual, he admitted, was drawing the discrepancies to the attention of Treasury rather than to the accountable authority (that is because ASIC is the accountable authority). In five years with the ANAO, this was the first time Hehir had written ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Hopkins and QWL began in 2019 in response to allegations that QWL had failed to assist the Australian Financial Complaints Authority in resolving client complaints. In November 2019, ASIC obtained orders restraining Hopkins and QWL from dissipating assets ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase in the monthly ...