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Showing 771 - 780 of 7368 results for "System"

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... the highest yet for greenwashing conduct. Greenwashing is a serious threat to the integrity of the Australian financial system and remains an enforcement priority for ASIC," she said. "The size of the penalty should send a strong deterrent message to ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... its obligations" and "to act promptly and appropriately upon what were obvious risks of deficiencies in its surveillance system". Macquarie also failed to take full accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... John Ford said: "This outcome sends a clear message to the community that we do bring those who exploit the tax and super system to account, particularly those who encourage and then benefit from others committing offences. We have robust systems in ...

ASX hunts new chief risk officer

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
The ASX is looking for a new chief risk officer following Hamish Treleaven announcing his intention to retire. Treleaven was appointed chief risk officer at the securities exchange in March 2017. Throughout his tenure, he was responsible for designing ...

Reforms needed to boost engagement: ASFA

MATTHEW WAI  |  MONDAY, 23 SEP 2024
... wellbeing in retirement," Delahunty said. "Our research shows how critical these reforms are to ensure that our superannuation system remains the envy of the world, we will continue to work closely with government and with other stakeholders to align ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... needlessly restrictive and increasingly limits lending only to those that already own at least one home, pursuing financial system stability at the expense of first home buyers," he said. "Ensuring that home ownership remains an attainable goal for Australian ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... effective provision of services..." she said. "Collectively, these new powers help ASIC ensure the Australian financial system is supported by resilient, efficient, and stable financial market infrastructures." ASIC is reviewing its approach to the regulation ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
... Future of Digital Money in Australia, states that the launch of a wholesale CBDC is viable due to the placement of similar system that already exists -exchange settlement account balances (ESA). ESAs, which are only available to select financial institution ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... said. "The result of these settings is that large unallocated reserves end up being 'stuck' in the superannuation system," it said. Therefore, the regulations also offer more flexible pathways to make allocations from a reserve. Where a reserve ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... on time and in full." "Unpaid super locks too many Australians out of the full transformative benefits of the retirement system and leaves people poorer when they retire. A unified push is needed to stamp it out." Over the last nine years, Australians ...