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Showing 61 - 70 of 2601 results for "Regulation"

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... the trustee board decided to explore a merger with another super fund due to considerations of scale, legislation and regulation, as well as long-term sustainability. Qantas Super said that it comprehensively assessed the different merger options available ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... offset costs have become less attractive. "ANZ is not immune to this pressure." Secondly, he said that financial crime regulation has become more important globally, with tougher laws and stronger enforcement positions. "Few banks have an appetite to ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... shows. Compliance burdens and constant legislative change are keeping financial advisers awake at night as 38% cited regulation as their top challenge in BT's Adviser Sentiment Index 2024, remaining in the number one spot year on year. Uncertainty around ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... O'Neill and Jana Stewart, she said the report "reduces significant evidence provided to the inquiry in a complex area of regulation over the past almost two years to little more than a headline" and that the "simplification of these complex issues ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and APRA ...

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry's preparedness for ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
... financial services are best prepared for this with a robust strategy that embraces emerging tech, keeps apace with evolving regulation to reflect the critical nature of their operations; all while making the most of capability that provides holistic ...