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Showing 641 - 650 of 1868 results for "Authority"

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
The bill to extend deadlines for the Financial Adviser Standards and Ethics Authority exam and education requirements has passed the House of Representatives. The Treasury Laws Amendment (2019 Measures No.3) Bill amends the Corporations Act so that ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... the value of the client's portfolio on 19 separate occasions," it said. He also "engaged in trading without proper authority of the client; and transferred $185,000 between the client's accounts without authority." ASIC argued that, based on ...

Custodial excellence recognised

HARRISON WORLEY  |  WEDNESDAY, 12 FEB 2020
... engaging with two new regulatory bodies, the Critical Infrastructure Centre and the Australian Communications and Media Authority," Knights noted. Thomas was recognised for her efforts in emphasising the association's core mission, and for promoting ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... product which it says will help financial advisers avoid getting caught out by the Financial Adviser Standards and Ethics Authority Code of Ethics. Lonsec says it has solutions to help financial advisers meet the Code of Ethics requirements that they ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... significant drop in numbers represents those who exited the industry post the Financial Adviser Standards and Ethics Authority's 31 December 2018 deadline. As adviser numbers now stand, they are in line with the number of financial advisers registered ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the past five years through the sale of DII to individuals. ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... the disproportionate losses from failed product related unpaid determinations. In the Australian Financial Complaints Authority's (AFCA) submission on the Compensation Scheme of Last Resort, it too addressed managed funds failing as an issue for the ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... permanently banned Sydney adviser Tram Tran, after it found the funds of her clients had been transferred without their authority to the trust account of a business for which she was the sole director and shareholder, Orchard Accountants. ASIC has also ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... have a negative impact on other nations. The ban on Chinese tourists will aggravate this. Data from the China Tourism Authority show that Chinese tourists took 149 million trips in 2018, with total spending amounting to US$130 billion - or the size of ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... cooperate with one another. The Council commented that the legislation establishing the Financial Regulator Oversight Authority - set to be consulted on and introduced by June 30 - should be "sufficiently robust so that where a regulator breaches its ...