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Showing 621 - 630 of 1369 results for "Corporations"

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... and how organisations are held to account for unethical behaviour," she said. George also called for reforms to the Corporations Act, after the report raised the question as to whether the law or its enforcement served as the basis for unlawful behaviour ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... conflicted remuneration, a sales culture that put profits before people and senior bankers and executives of financial corporations who were content to ride the gravy train of multi-million dollar salaries and bonuses," she said. "Executives were driven ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... Practice should be extended to update medical definitions be extended to products other than on-sale products. The Corporations Act, they said, exempts monetary benefits received from life risk insurance products. "Why shouldn't the cap on such benefits ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the Corporations Act based on the breach report. Earlier, the industry fund's insurance service delivery manager Lachlan Ross faced the ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on the final day of its ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... engage in dishonest conduct or misleading or deceptive conduct for the purposes of sections 1041G and 1041H of the Corporations Act (the Act). The AAT found Hutchison's conduct breached his contractual obligations with RI Advice to pass on the fees he ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... or not in a client's best interests. This is inconsistent with or voided by the financial services law in the Corporations Act," ASIC said. READ - Life after Dover: Dealer groups lift due diligence ASIC alleges the policy contained false and misleading ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... The regulator said it is seeking a declaration that ANZ breached its continuous disclosure obligations under the Corporations Act and a pecuniary penalty order. On 1 June 2018, ANZ announced to the ASX the Commonwealth Director of Public Prosecutions ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... providers have joined. About 80% of members of the Credit and Investments Ombudsman Scheme have signed up. Under the Corporations Act, ASIC is required to approve material changes to the AFCA scheme and part of its role in overseeing the operation of ...

Asset manager gives ESG data to BNY subsidiary

HARRISON WORLEY  |  TUESDAY, 11 SEP 2018
... for ESG investing. S-Ray allows investors to monitor the sustainability performance of about 7000 of the largest corporations across the globe, leveraging machine learning to systematically combine more than 200 ESG metrics with news signals from over ...