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

Search Results

Showing 801 - 810 of 6442 results for "Regulatory"

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... tasks and product implementation strains profitability and limits service capacity; and balancing data collection for regulatory compliance with data minimisation required by privacy laws remains difficult. The analysis identified a disconnect between ...

Treasury consults on beneficial ownership disclosure reforms

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
... registers free of charge. Among other things, Treasury is consulting on what impact the changes would have on entities' regulatory burden, on business functions, and also whether ASIC should be empowered to determine either the number of issued securities ...

AustralianSuper well placed to achieve mega-scale ambitions: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
... governance, and regular stress-testing," it said. And while the fund's growth ambitions are well underway, Morningstar said regulatory issues and member servicing are hurdles the fund still needs to overcome, applying a Parent Pillar rating of 'Average.' ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
ASIC commissioner Simone Constant has told the ASIC Annual Forum that the regulator is watching potential risks to financial stability as the superannuation sector grows. Questioned on her thoughts around the recent Reserve Bank of Australia (RBA) report ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... Partnership Program to support continued industry participation in this critical project," Lofthouse said. "Our ongoing regulatory engagement with ASIC remained open and constructive. However, it is in the interests of the company and its shareholders ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI  |  FRIDAY, 15 NOV 2024
... that the traditional financial advice service has re-orientated or shifted in the past few years due to all of the regulatory and compliance [changes] that advisers have to face," Guiamatsia added. "What we are seeing here is the divergence between the ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies. While the corporate regulator heightened its ...

Macquarie offloads airports in $3bn deal

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... transaction is expected to reach financial close by Q1 2025, following the satisfaction of customary closing conditions and regulatory approvals.

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. This newest update adds data covering firms with four or ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...