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Showing 41 - 50 of 57 results for %22Australian Financial Complaints Tribunal%22

O'Dwyer names one-stop-shop dispute resolution lead

KARREN VERGARA  |  THURSDAY, 27 JUL 2017
... lead an operational transition team as chair to consolidate the three existing schemes into the Australian Financial Complaints Authority (AFCA). The merger was flagged earlier in Budget documents stating AFCA will operate in place of the Financial Ombudsman ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... 'one-stop-shop' to establish a simpler, more accessible and more affordable process for consumers. The Australian Financial Complaints Authority (AFCA) will operate in place of the Financial Ombudsman Service, the Credit and Investments Ombudsman and ...

FPA appoints conduct commission chair

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
... McDonald brings a wealth of experience to the role after serving as banking ombudsman, a presidential member of the Australian Administrative Appeals Tribunal, and chair of the Superannuation Complaints Tribunal. His new appointment also includes the ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
... introducing competition into the sector. The report said this could be achieved by either the ACCC (or the proposed Australian Council for Competition Policy) establishing a "small team" to make half-yearly recommendations as to how to improve competition ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
The Australian Institute of Superannuation Trustees has labeled Treasury's consultation paper on proposed financial institutions supervisory levies as insufficient and non-compliant with government guidelines. In its submission to Treasury the AIST ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
... deal with legacy complaints and improve processes and infrastructure ($5.2 million) and to bolster ASIC to protect Australian consumers ($37 million)." Under the proposed levies, authorised deposit taking institutions would be required to pay $22.2 million ...

Industry funds 'treat us like dirt': COSBOA

JAMES FERNYHOUGH  |  MONDAY, 29 JUL 2013
... watchdog who will hopefully fine them and pull them into line." "Industry funds in particular are appalling," he told Financial Standard, adding "They treat us like dirt." He said the information they send regarding collection processes is incomprehensible ...

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... Romad Financial Services after the Australian Securities and Investments Commission (ASIC) cancelled its Australian financial services licence (AFS licence) on October 19 for not complying with financial services laws. Romad requested AAT review ASIC's ...

ATO tackles SMSF fraud risk

ELISE BURGESS  |  FRIDAY, 17 SEP 2010
... to check on their super balance. Regulation and preventative measures against fraud in SMSFs is something that the Australian Taxation Office (ATO) has been working against for some time in a bid to protect those who fall victim to fraudulent newly established ...

ASIC cancels Hedge Securities licence

ASIC RELEASE  |  THURSDAY, 18 FEB 2010
... No answers to phone calls, no longer in operation - ASIC has cancelled Hedge Securities and Investments's Australian financial services licence after finding the company had ceased to carry on a financial services business. ASIC found that Hedge Securities ...