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Showing 51 - 60 of 478 results for "ASIC Commissioner"

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
ASIC commissioner Simone Constant has told Financial Standard the regulator has super funds in its sights for more than just claims handling delays. "The main focus is on member services more generally, this is a multi-year phased project" Constant ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... failure to escalate a response and the "systemic issues regarding the culture and reporting within Macquarie." ASIC commissioner Simone Constant said: "Our intervention underscores our concern with the recurrent nature of Macquarie's failures, which ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... requirement for financial advisers and working to raise awareness with licensees and relevant providers. In January, ASIC commissioner Alan Kirkland warned that a failure to comply with the registration requirement could incur significant consequences ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... with the fastest trustee resolving 48% of cases within that timeframe, compared to just 8% for the slowest. ASIC commissioner Simone Constant said while some trustees demonstrated good handling practices and were providing helpful services to claimants ...

ASIC recommends standards for virtual AGMs

ELIZA BAVIN  |  THURSDAY, 27 MAR 2025
... participation and the potential misconceptions by members that these are hybrid meetings." After publishing the report, ASIC commissioner Karte O'Rourke elaborated on the regulators expectations when speaking at the Australasia Investor Relations Association ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... Senator Andrew Bragg, reading from the judgement that was recently handed down against AustralianSuper, asked ASIC commissioner Sarah Court about the communications. "You obtained internal communications that read, 'It benefits the member by stopping ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant repeating the regulator cannot comment on ongoing investigations and/or proceedings. ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... advice. And I expect that we'll release the findings from this work in the second half of this calendar year," ASIC commissioner Alan Kirkland told a recent event.

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... existing financial advisers who are striving to meet the education standard by the deadline of 1 January 2026." ASIC commissioner Alan Kirkland, who also spoke at the event, said one of ASIC's key priorities this year is to curb financial advice misconduct ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and ...