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Showing 61 - 70 of 515 results for "Powers"

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... transparency over agent and firm misconduct. "Legislation to strengthen the integrity of our tax system and increase the powers of regulators will be introduced this year, with consultation on the reforms beginning shortly," the joint statement added. ...

JANA picks Rimes for tech

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
... implementation," she said. Rimes, headquartered in New York and London, provides clients with investment intelligence that powers more than US$50 trillion in assets under management annually. Its global head of investment intelligence solutions Stuart ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... funding ASIC's enforcement action taken by against larger entities. Jones recommends that ASIC is delegated fee-setting powers to ensure fee amounts continue to reflect full cost recovery. "The government also supports ASIC taking action to implement ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... conducted their business. Mandating Target Market Determinations and Direct Distribution Obligations, and instilling more powers into ASIC and APRA, were some of the effects. The fallout also included the near decimation of the financial advice sector ...

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
... the Federal Court's MetLife decision. As it stands, under Part 7.10A of the Corporations Act, AFCA has certain statutory powers to deal in superannuation complaints, with these powers broadly mirroring those of the Superannuation Complaints Tribunal ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... standards in relation to their conduct, and in relation to their products. "Our plan will give ASIC strong enforcement powers and will involve industry consultation on the detail," said Jones. "Our plan will bring BNPL into line with other regulated ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... recommendations need some refinement, it is better that happens "afterwards." "If there is some poor conduct, ASIC has all the powers and tools it needs to put a quick stop to it," she said. "In the meantime, the recommendations will, if adopted, achieve ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... investors have to think about the buying companies own behaviour and how they contribute to that behavior? "Brands have the powers to demand a factory being unionized and there's a strong vested interest to do that. That's one tangible ESG engagement ...

ISA renews calls for gig worker super

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... reduce the burden on the age pension," ISA said. The federal government has alluded to extending the Fair Work Commission powers to establish a minimum set of employment standards for many gig workers, including payment of super. ISA said it supports ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... of conduct that would be expected of individuals in their position by reasonable persons with knowledge of the duties, powers and authority of officers of responsible entities of a registered managed investment schemes." Neilsen, Raftery and Williams ...