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Showing 661 - 670 of 913 results for "Compensation"

Sinodinos rules out LRBA review for SMSFs

ALICE URIBE  |  WEDNESDAY, 19 FEB 2014
... sort of regime and we think it can work well in this sector." However, he said that the government would not provide compensation when " things go wrong." "If you have tight regulation, you can't prevent another financial collapse occuring. We can't ...

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
... it subsequently going into voluntary administration. ASIC's concerns included Capital Advisers not having adequate compensation and insurance arrangements and failing to have measures in place to ensure their organisational competence. Following ASIC's ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
... SMSFs Professionals' Association of Australia (SPAA) has supported the government's stance to oppose any form of compensation scheme for self-managed superannuation funds (SMSFs). In response to a statement made by the Assistant Treasurer Arthur Sinodinos ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... protect our superannuation system and does not provide justice for the victims, many of whom are still without any compensation." Richard entered into an enforceable undertaking with ASIC in 2010 that banned him for life from providing financial serv ...

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Australia should amend the Corporations Act to improve a whistleblowing legal regime that is "patchy, limited and far from international best-practice." Griffith University professor and whistleblowing researcher A.J. Brown asked for improvements and ...

ASIC chair defends against media 'smear'

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
... people. He said the regulator had completed 73 civil and 79 criminal proceedings and obtained over $349 million in compensation for investors and consumers. "We welcome the inquiry and all the submissions people have made. We've read them, and we want ...

Planners need discretion on SMSF cost advice: SPAA

JAMES FERNYHOUGH  |  MONDAY, 25 NOV 2013

CBA follows ASIC's lead in Senate submission

LAURA MILLAN  |  MONDAY, 18 NOV 2013
... has no tolerance for behaviour that prejudices the financial wellbeing of its customers." The bank also defends its compensation policy to clients affected by financial planner Don Nguyen, despite law firm Maurice Blackburn concerns expressed in a separate ...

ASIC submits broad performance review to Senate inquiry

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
... The document answers a number of issues raised in other submissions to the inquiry and includes an outline of the compensation and dispute resolution framework for the financial services industry and credit industry.

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
Law firm Maurice Blackburn has questioned Commonwealth Bank's compensation to clients affected by inappropriate advice within the bank's financial planning unit given by adviser Don Nguyen. In a submission to the Senate inquiry on the performance of ...