Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 205 results for sanction

ASIC cracks down on investment manager

ALLY SELBY  |  MONDAY, 15 JUN 2020
The Australian arm of a global investment management company has agreed to additional conditions imposed on its AFSL by the corporate watchdog. It comes after Societe Generale Securities Australia (SGSA) was criminally charged with breaching client ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. ...

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
The COVID-19 pandemic was both a curse and a blessing (for lack of a better word) for China's Politburo. Social restrictions and lockdowns imposed by the powers-that-be to contain the virus sent the economy plunging 6.8% in the year to the March ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
Two whistleblowers in the US have been rewarded for their efforts with the Securities and Exchange Commission awarding them a combined US $570,000. The first whistleblower received US $478,000 and the second US $94,000. The SEC did not reveal which ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... Topics touched on include the TPB's governance arrangements, registration and education requirements, compliance and sanction powers and the regulation of tax (financial) advisers. TPB chief executive Michael O'Neill said the board has worked closely ...

OnePath receives first Life Code sanction

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
OnePath is the subject of the first sanction to be issued by the Life Code Compliance Committee for failure to stop selling a non-compliant product and remediate customers by an agreed deadline. In July 2017 OnePath self-reported its ANZ Loan Protection ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
The Tax Practitioners Board revealed 350 tax practitioners are currently under investigation for high risk behaviour. Those high risk behaviours include failing to meet personal tax obligations, over-claiming work-related expenses on behalf of clients ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
Crude oil prices have dropped, turning this year's bull market into a bear market. Oil prices rallied nearly 50% from January to April this year on the back of the Fed's pause; China's stimulus measures and expectations of continued easy ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
Many superannuation fund members that don't understand the difference between retail and industry funds highlights the need for education and comparison tools, a new survey finds. The research from Australian Institute of Superannuation Trustees, which ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent ...