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Showing 41 - 50 of 165 results for "Scams"

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... of our steel industry" and to "rebuild TAFE." More recently, as assistant treasurer, he pointed to his work on combatting scams, protecting workers' superannuation, making financial advice more accessible and affordable, and strengthening consumer ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. In the letter, Constant said disrupting investment scams is a priority for ASIC and the regulator has observed ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... the outcome", which ASIC believes the bank failed to achieve. "All banks need to pull their weight in the fight against scams. We will not hesitate to take court action where we consider banks fail to comply with their obligations to protect their customers," ...

World on the brink: Frontier Advisors

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
... agreements and expand fossil fuel production. The report noted that Trump refers to climate change as 'one of the great scams of all time'. "He has stated he'll withdraw from the Paris Agreement, promote investment in fossil fuel production, cut funding ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... transactions, delay in insurance claim handling, disputes over insurance claim amounts, service quality, and 'other' types of scams.

FAAA takes aim at finfluencers with new campaign

MATTHEW WAI  |  WEDNESDAY, 6 NOV 2024
... unreliable information online, which could be costly. According to the FAAA, Australians have lost over $1.3 billion to financial scams last year. "One-in-three Australians are still turning to unqualified finfluencers for guidance - a decision that ...

Reforms needed to boost engagement: ASFA

MATTHEW WAI  |  MONDAY, 23 SEP 2024
... cohort tends to seek consultation through family and friends and social media, possibly leaving the group more vulnerable to scams involving superannuation. The industry body is now calling for the second tranche of the DBFO reforms to make financial ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... those falsely claiming to be authorised or regulated by ASIC, fake investment trading platforms, and crypto-asset related scams. Combating investment scams is a key priority for ASIC. Since July 2023, the regulator has coordinated the removal of over ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... and unified approach," Delahunty said. ASFA said the initiative will also build on the momentum of the government's recent Scams Prevention Framework, which called for a coordinated response to financial crime. "As the Minister for Cyber Security, Tony ...

Scams prevention framework consultation released

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
Treasury has released the Scams Prevention Framework for consultation with harsh penalties proposed for financial services firms that don't do enough to prevent scams. The government is planning to introduce mandatory codes that would requires financial ...