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Showing 51 - 60 of 521 results for "Powers"

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... that it did. The court unanimously sided with MetLife. While the court acknowledged it must consider the purpose of the powers given to MetLife, that consideration "must begin and end, however, with the statutory text." The new law will take effect on ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... whistleblower protection laws, harmonising the current state-based laws to be national, establishing a national register of Powers of Attorney and development a standard identification, reporting and escalation framework. Financial abuse affects a significant ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... public interest to protect retail investors looking to invest in the offer. This is ASIC's first use of its stop order powers in relation to a CSF offer under the Corporations Act 2001 (Corporations Act). ASIC acted in relation to Hirehood's ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... regulation is necessary, though Davis thinks 80% of the market's challenges are already addressed by existing regulatory powers. Therefore, it's important to communicate clearly about the use and governance of AI to meet market expectations and build ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... resourced and unlike just about any other country in the world, quite happy to take ASIC on," he said. "From time to time our powers are challenged in the courts, sometimes all the way up to the High Court. That's a resource-intensive activity." Longo ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... "We will simplify and speed up the process for mergers that are in the national interest and give the regulator stronger powers to identify and scrutinise transactions that pose a risk to competition, consumers, and the economy," Chalmers and Leigh said. ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... consultation will also cover the non-financial aspects of aged care funding strategies. This includes legal aspects like Wills, powers of attorney, or enduring guardianships. Biti said it is essential to distinguish when licensed financial advice is ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... demonstrates ASIC's commitment to taking action to prevent its investigations being delayed by baseless challenges to its powers."

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... culmination of months-long discussions with the central bank and Opposition. The bill proposes to revoke the treasurer's powers and establish the RBA's primary goal as promoting the economic prosperity and welfare of the people of Australia. ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... the culmination of months-long discussions with the central bank and Opposition. In addition to revoking the treasurer's powers, the bill stipulates that the RBA's primary goal is to "promote the economic prosperity and welfare of the people of Australia," ...