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Showing 71 - 80 of 480 results for "Parliamentary"

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... proceedings involving a litigation funder. If the legislation progresses, it will implement key recommendations of the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the ...

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... into ASIC and the issues in Commonwealth Financial Planning. The same year saw the Financial System Inquiry and the parliamentary joint committee proposal to lift professional standards. In 2015, there was the Trowbridge inquiry into life insurance ...

Hostplus grilled on common ownership, collusion

KARREN VERGARA  |  MONDAY, 20 SEP 2021
Hostplus was grilled about its relationship with IFM Investors at a parliamentary hearing that sought to uncover any evidence of collusion and anti-competitiveness. MP Tim Wilson, who chaired the Standing Committee on Economics hearing on common ownership ...

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
... portfolio and found no instances of common ownership. Common ownership of listed companies is currently the subject of a parliamentary inquiry led by MP Tim Wilson, who has said superannuation funds' growing influence on ASX-listed companies disadvantages ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning. The Standing Committee on Economics, which discussed the implications of capital concentration and common ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
... incorporating feedback from the first draft's consultation. The FSC has also taken into account feedback from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into the life insurance industry, ASIC reviews, Productivity ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... IFM Investors chief executive David Neal. Neal was quizzed about the firm's investment into Tandem during July 29 parliamentary hearings. Tandem was founded in 2010 and provided contractors to telecommunications, media and utilities sectors. IFM Investors ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... account for an investment in litigation funding of as much as $50 million." ASIC deputy chair Karen Chester said in a parliamentary hearing in March that the regulator typically recovers the costs incurred in prosecuting the major financial institutions ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
Appearing before a parliamentary committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson ...

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... noted: "While both regulators are accountable to the parliament, the Financial Services Royal Commission noted that parliamentary committees, including Senate Estimates, have some limitations in assessing the effectiveness of the regulators (for example ...