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Showing 71 - 80 of 521 results for "Powers"

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
... the Federal Court's MetLife decision. As it stands, under Part 7.10A of the Corporations Act, AFCA has certain statutory powers to deal in superannuation complaints, with these powers broadly mirroring those of the Superannuation Complaints Tribunal ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... standards in relation to their conduct, and in relation to their products. "Our plan will give ASIC strong enforcement powers and will involve industry consultation on the detail," said Jones. "Our plan will bring BNPL into line with other regulated ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... recommendations need some refinement, it is better that happens "afterwards." "If there is some poor conduct, ASIC has all the powers and tools it needs to put a quick stop to it," she said. "In the meantime, the recommendations will, if adopted, achieve ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... investors have to think about the buying companies own behaviour and how they contribute to that behavior? "Brands have the powers to demand a factory being unionized and there's a strong vested interest to do that. That's one tangible ESG engagement ...

ISA renews calls for gig worker super

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... reduce the burden on the age pension," ISA said. The federal government has alluded to extending the Fair Work Commission powers to establish a minimum set of employment standards for many gig workers, including payment of super. ISA said it supports ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... of conduct that would be expected of individuals in their position by reasonable persons with knowledge of the duties, powers and authority of officers of responsible entities of a registered managed investment schemes." Neilsen, Raftery and Williams ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... the report said. Regulators must address retail investor harm stemming from crypto-assets, like employing intervention powers to address cross-border crypto-asset fraud and theft to retail investors, the report continued. Lastly, implementing new regulatory ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... The ATO is only able to recover a mere 15% of owed superannuation. However, the new legislation will complement the ATO's powers, providing the stronger possible protection for employees against unpaid super, the government said. Minister for workplace ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... enforceable undertakings. In addition to ASIC's increased authority, the Reserve Bank of Australia (RBA) will be granted powers to set rules for the conduct of clearing and settlement service facilities. Meanwhile, the ACCC will have the ability ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
The corporate watchdog has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures, notes and bonds issued by public companies, a first for an Australian corporate trustee. MSC Trustees is the first trustee firm ...