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Showing 661 - 670 of 2805 results for "Regulation"

Technology a tool not a threat: Avaloq

ANNABELLE DICKSON  |  THURSDAY, 17 DEC 2020
... and will be able to react accordingly. One of the most time-consuming tasks for the middle office is the increase in regulation such as anti-money laundering. Respondents noted this has led to having less time to do things to a higher standard. Back ...

Reporting rules for charities relaxed

KANIKA SOOD  |  WEDNESDAY, 16 DEC 2020
About 5000 charities will see easier financial reporting requirements from mid-2021, as the Federal Treasury amends the rules. The Council on Federal Financial Relations (CFFR) has agreed to develop a framework by mid-2021 to lift the reporting threshold ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
Less than 1.5% of gig economy workers are contributing to a superannuation account, a new report from the Actuaries Institute reveals. That's a key finding from the Actuaries Institute report, which also found that even when they do make contributions ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
ASIC has commenced civil penalty proceedings against brokerage firm Union Standard International Group and its affiliates. The corporate regulator has taken action against the Sydney-based retail over-the-counter derivatives issuer and its former corporate ...

Chief economist update: East and west at crossroads

BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
China has continued to tighten the screws on Australia after formally banning the importation of Australian coal. The reason, or reasons, are immaterial. Beijing could dig up a number of justifications for its most recent diktat the same way it did ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... similar sentiments. "Financial advisers and the advice industry as a whole have been hit with layers and layers of regulation that have increased the cost to provide advice without any clear consumer benefit. While there is still much work to be done ...

ASIC defers portfolio holdings disclosure deadline

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
ASIC has given superannuation funds another year to disclose their portfolio holdings. The regulator has extended the relief, which defers the first reporting day to 31 December 2021. The relief was set to expire on 31 December 2020, requiring trustees ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

IOOF ups costs for self-employed advisers

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
... in the past." Additionally, IOOF has structured its business to be capable of pivoting to a service business should regulation change, forcing all advisers to become self-licensed. "We have a business called IOOF Alliances where we are actually delivering ...