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Showing 771 - 780 of 1277 results for "AFS"

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... implementation and potential conflicts of interest within the NAB super business. "The additional conditions imposed on NULIS' AFS licence reflect ASIC's priority of improving compliance and disclosure standards in the superannuation industry, including ...

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
... statements, auditor reports and auditor opinions for three years. The regulator said it would "not hesitate to act" against AFS licensees who do not comply with ASIC requirements.

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... chair Peter Kell said: "Appropriate compliance and systems to monitor compliance are essential for banks to adhere to their AFS obligations. This is important in maintaining customer trust and confidence in the sector." "ASIC expects all AFS licensees ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
A battle over the definition of personal and general financial advice will play out in the Federal Court following ASIC's decision to bring civil proceedings against Westpac subsidiaries. The corporate regulator is alleging Westpac Securities Administration ...

Metro property markets continue reliable income

DARREN SNYDER  |  FRIDAY, 23 DEC 2016
Property fund manager Centuria says Australian metropolitan markets will continue to deliver both reliable income and capital returns in 2017. Centuria Metropolitan REIT (CMA) trust manager Nicholas Blake told Financial Standard that several underlying ...

Robo-advice needs monitoring: IOSCO

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
... Robo-advice Task Force - the objective of which is to informally identify firms offering automated services via exchanges during the AFS licensing process; identify firms reaching out to ASIC; media reports; and reports from competing firms. In responding ...

ASIC bans Sydney adviser

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
A Sydney financial adviser was banned from providing financial services for three years by ASIC. Keira Jane Keegan, a former representative of Protect Ensure, was banned for recommending SMSF clients invest in financial products issued by Protect Ensure. ...

False information undermining ASIC integrity

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
... target. "Performance against the licensing measure in general has been affected by ASIC's resourcing, and the increase in AFS licence applications as a result of the expiry (in June 2016) of the transition period for accountants to apply for a limited ...

Carwardine to undergo external advice review

KERRIE SYDEE  |  WEDNESDAY, 7 DEC 2016
Carwardine Financial Services will undergo an independent external review of its compliance after ASIC surveillance identified a number of concerns. ASIC's surveillance concluded in September 2016 and identified a number of issues with Carwardine's ...

ASIC probe reveals 185 more CBA compo cases

KERRIE SYDEE  |  TUESDAY, 6 DEC 2016
KordaMentha Forensic's third report on the varied licence conditions imposed on Commonwealth Financial Planning and Financial Wisdom has revealed compensation has been offered to a further 185 cases. The report was required under the additional conditions ...