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Showing 71 - 80 of 158 results for "ASIC for"

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last committee hearing, Wilson ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... with the momentum of change." The solution? "Consolidation of adviser obligations, shortening SoA endorsed by AFCA and ASIC for AFSLs to follow, maintain high education standards and a more level playing field (a review of current legislation itself ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... not all members were told clearly they could opt out of the service. At the time, they already faced court action from ASIC for over $100 million in illegitimate fees. The MLC MasterKey Business Super and Personal Super are facing a class action from ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... together as co-regulators of SMSF auditors," ASIC said. "The ATO monitors SMSF auditor conduct and may refer matters to ASIC for possible action such as disqualification or suspension of their registration. ASIC may also impose conditions on an SMSF ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
SMSF Association chief executive John Maroney has slammed ASIC for a fact sheet published and distributed to SMSF trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... now set to oversee code monitoring and enforcement, prospective compliance scheme operators withdrew applications to ASIC for approval of their schemes. This has left AFS licensees at risk of breaching the Corporations Act despite not having a compliance ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... legislation would allow "interception agencies" to legally provide intercepted material, like recorded phone calls, to ASIC for serious offences so that ASIC can investigate and prosecute. It also harmonises search warrant powers under different acts ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... In response to Financial Standard 's enquiry on the subject, an AMP spokesperson said: "A licence renewal process with ASIC for managed discretionary account services has been taking place across the industry." The spokesperson explained that AMP Financial ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... was closed last month and capital returned to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
A former Kaz Capital adviser has been banned by ASIC for six years. David Stephen Cornford has been banned from providing financial services for a period of six years following an ASIC investigation during which he was found to be buying and selling ...