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Showing 41 - 50 of 122 results for sections

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... independent review, urged the industry to consider the 34 recommendations as a package and not cherry pick individual sections. The report proposes a framework for ASIC to consider the issues rather than make specific recommendations on each and every ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... provision could incur civil penalty provision of $1 million per contravention, ASIC said. ASIC also alleges AMPFP breached sections 912A(1)(a), (c) and (ca) of the Act, which "require a licensee to ensure the financial services covered by its licence ...

ASIC drags Westpac to court

KANIKA SOOD  |  MONDAY, 18 JUN 2018
... 'best interests' obligations by Mr Sinha under section 961K of the Act. ASIC also alleges that Westpac contravened sections 912A(1)(a) and (c) of the Act, which requires Westpac to do all things necessary to ensure that the financial services ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... shareholder expectations," he said. But not surprisingly, public trust in Australian business has fallen and in some sections companies have damaged their social licence to operate, Silk added.

Chief economist update: Three minutes

BENJAMIN ONG  |  MONDAY, 26 FEB 2018
... rate increases this year, optimism over economic activity and achieving the 2% inflation target. Sure, there are certain sections in the market expecting a fourth rate rise, but as forward guided... depending on upcoming data. The financial markets' ...

ASIC wins first court action for FoFA breaches

EMMA RAPAPORT  |  WEDNESDAY, 5 APR 2017
... Federal Court. Melbourne-based financial advice firm NSG Services (NSG) was found by the court to have breached numerous sections of the Corporations Act which affirm that a financial services licensee must ensure the advice they provide complies with ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
... received a complaint relating to his conduct with a client in late 2013. The complaint alleged that Tindall breached four sections of the FPA code including the giving of advice in relation to: an online insurance application that was submitted for a ...

Super fund awards emerging markets mandate

DARREN SNYDER  |  WEDNESDAY, 14 DEC 2016
... end before looking at several behavioural biases and risks. "We can time our entry in to stocks by identifying cross-sections where we believe this behavioural bias exists," Nutt said. Nutt said as an example these cross-sections can be identified from ...

Suncorp CFO says financial services disenfranchised

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2016
... have not been active enough in ensuring the facts are clearly articulated to balance the argument being perpetrated by sections of the community that big business is bad... As a rule, we in business do a good job in explaining ourselves to our current ...

ASIC bans fraudulent adviser

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
... years' imprisonment with a non-parole period of 22 months in the Brisbane District court on 55 charges of fraud under sections 408c of the Queensland Criminal Code.