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Showing 911 - 920 of 3918 results for "law"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation. The guidance outlines how institutions must identify and monitor risk, covering ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... victims is given preference over the payment of penalties, if there is a risk that a defendant cannot do both." He added that law firm will continue to work with ASIC and DASS "to favourably resolve the application as quickly as possible and set aside ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... products out there are "good and useful". "We are proactively surveilling the industry, and where we find trustees breaching the law and not acting in good faith, or where their conduct causes actual harm, enforcement action is likely," Longo said.

Treasurer announces FIRB, RBA appointments

CHLOE WALKER  |  MONDAY, 22 NOV 2021
Treasury has announced new appointments to the Foreign Investment Review Board and the Reserve Bank of Australia Carolyn Kay has been appointed a part-time member of the Foreign Investment Review Board for a five-year term by the Morrison government ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... these might need to adapt over time. The discussion paper outlines key principles for fee setting and design, informed by the law as it currently stands. A key focus of the paper is the management of reserves. APRA said through the course of its supervisory ...

AMP Capital retains management of AWOF

KARREN VERGARA  |  MONDAY, 22 NOV 2021
AMP Capital will continue to act as trustee and manager of the Wholesale Office Fund, its parent firm announced today. AMP said that the decision made by the trustee board of the AMP Capital Wholesale Office Fund (AWOF) is in the best interest of unitholders ...