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Showing 71 - 80 of 137 results for "Consumer Protections"

ASIC red tape unit welcomed

ANNABELLE DICKSON | WEDNESDAY, 1 SEP 2021

... implementation of the government's stewardship approach - focussed on minimising regulatory burden while preserving consumer protections - provides a model for other regulators." ASIC along with other regulators are under government scrutiny in the Deregulation ...

AFA defends industry against Labor attack

KARREN VERGARA | MONDAY, 21 JUN 2021

... advisers must also contend with a slew of reforms and regulations. "Additional measures to supposedly increase consumer protections will only increase the cost of financial advice and deliver little or no benefit to the many Australians who value their ...

FSC proposes new advice model

KARREN VERGARA | MONDAY, 19 APR 2021

... simpler for consumers to understand and access without undermining the quality of advice or eroding important consumer protections. "The FSC is seeking industry and public feedback for our proposals in advance of finalising a policy position on a more ...

Banks still failing customers after Royal Commission

ELIZA BAVIN | TUESDAY, 16 MAR 2021

... as crossbench senators in the federal government are amid deciding on a government proposal to roll back consumer protections. "The banks promised they'd clean up their act after the shame of the Royal Commission hearings but over 31,000 credit complaints ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR | WEDNESDAY, 30 SEP 2020

... February 2015 and February 2019. The breaches included non-compliance with a number of the code's important consumer protections, such as debt collection practices and the treatment of customers experiencing financial difficulty. The BCCC has the power ...

Calls for broad default life insurance system

ELIZA BAVIN | MONDAY, 27 JUL 2020

... concerns that are justified and need to be addressed," it said. "Recent regulatory reforms have introduced consumer protections to better align the interests of advisers and their clients by capping commissions and introducing clawback arrangements. ...

Afterpay coughs up $1.5m over US loans

ALLY SELBY | TUESDAY, 17 MAR 2020

... lenders' merchant partners were not bona fide but, rather, were structured to evade otherwise applicable consumer protections," the regulator said.

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON | TUESDAY, 4 FEB 2020

... this represents the true cost of doing business, they shouldn't be looking to shift blame onto important consumer protections for this added fee." A fee of this sort is not new. In 2018 Colonial First State introduced a 'regulatory reform fee' ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR | THURSDAY, 23 JAN 2020

... way that does not leave consumers worse off and must operate in an environment of meaningful disclosure and consumer protections," AIST said in its submission. "In the event the Government decides to proceed with this legislation, AIST proposes that ...

Dover, McMaster found guilty

JAMIE WILLIAMSON | FRIDAY, 22 NOV 2019

... doublespeak". "The document did not protect clients. To the contrary, it purported to strip clients of rights and consumer protections they enjoyed under the law," the judge said. The judge accepted ASIC's submission that each time the policy was ...

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Federal Court lifts Merhi's travel ban

KARREN VERGARA | 12:25PM

Former financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago.

Hostplus delivers double-digit FY26 returns

RIDDHIMA TALWANI | 12:30PM

Hostplus Balanced (MySuper) option delivered members 10.8% for the financial year 2025-26, while the Indexed Balanced option and the High Growth option returned members 11.06% and 12.61% respectively.

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO | 12:21PM

ASIC has lifted its estimated industry funding levy by almost 20% for 2025-26, with regulated entities expected to shoulder $400.5 million in regulatory costs as the corporate watchdog expands its supervision and enforcement activities.

GQG bleeds over US$7bn in FUM in June

MATTHEW WAI | 12:13PM

Despite recording positive investment performance, GQG Partners observed a significant outflow, with net outflows of $4.62 billion recorded in the month of June, as FUM slipped to $225 billion at June end, compared to $235.5 billion in the month prior.

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