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Showing 591 - 600 of 905 results for "Australian Financial Service"

New accountants' licence hailed as win for affordable advice

MELANIE TIMBRELL  |  MONDAY, 25 JUN 2012
The federal government's new conditional licensing regime for accountants has been applauded by professional bodies as a step to achieving broader access to financial advice. CPA Australia chief executive officer Alex Malley said the new rules are a ...

YBR hires EX-AFS chief

BEN COLLINS  |  MONDAY, 25 JUN 2012
Yellow Brick Road has appointed Ex-Australian Financial Services chief executive Peter Daly as head of its financial advice arm. Yellow Brick Road (YBR) said that the appointment is in line with plans to expand its financial advice capabilities, and ...

ALI penalised after compliance failures

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
The Australian Securities & Investments Commission has imposed additional compliance conditions on Sydney-based insurance group, Australian Life Insurance Distribution Pty Ltd for failing to comply with a number of its obligations as an Australian financial ...

ASIC winds up unregistered managed investment scheme

BEN COLLINS  |  FRIDAY, 15 JUN 2012
The Australian Securities & Investments Commission has obtained orders in the Supreme Court of New South Wales to wind up an unregistered managed investment scheme operated by Secured Bond Ltd. In proceedings on 28 May 2012, the Supreme Court also made ...

ASIC streamlines AFS licence process

LINDA HAUSKEN  |  WEDNESDAY, 13 JUN 2012
The Australian Securities & Investments Commission has updated its Australian financial services licence application process in an effort to cut red tape and make registration and licensing more efficient. Revisions to Australian Securities & Investments ...

ASIC warns against fake investment group

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
... opportunities. Connaught representatives are cold calling people for investment purposes while quoting the Australian Financial Service (AFS) licence and Australian Company Number (ACN) of a legitimately registered AFS licence holder. ASIC said the prospective ...

Daly: Forced out of AFS after rejecting downsize

BEN COLLINS  |  THURSDAY, 7 JUN 2012
Ex- Australian Financial Services chief Peter Daly, who is for suing for unfair dismissal, said he departed the company after plans for downsizing were discussed. Daly said he had a business plan and budget approved by the board. "During the board meeting ...

MAFTA provides new Asian opportunities

BEN COLLINS  |  MONDAY, 28 MAY 2012
The Malaysia-Australia Free Trade Agreement (MAFTA), gives Australian financial services a much greater opportunity than the wider AANSFTA (ASEAN Australia New Zealand Free Trade Agreement) under which a previous 30% ownership cap was negotiated. "I ...

AFS board votes no confidence in Daly

BEN COLLINS  |  TUESDAY, 22 MAY 2012
Australian Financial Services chief executive and managing director, Peter Daly, has left the dealer group which has appointed group director Phil Burke as acting chief executive. Daley said he was suddenly forced out despite a satisfactory track record ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
ASIC has warned the industry that misuse of the term independent will result in strong action by the regulator, including publicly naming companies found to be in breach. In a recent surveillance project, Australian Securities and Investments Commission ...