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Showing 941 - 950 of 1678 results for "Breach"

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... refunds, including interest, had been offered or paid to customers. CBA acknowledged since 1 January 2013, it has made 20 breach notifications to ASIC in relation to actual or potential breaches of the Corporations Act by advisers licensed by Commonwealth ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... businesses were over-confident about dealing with cyber threats, yet only 32% of respondents were aware of the mandatory data breach notification laws. Additionally the survey found 28% of respondents had full confidence in the cyber security hygiene ...

SG non-compliance declining: ATO

KARREN VERGARA  |  FRIDAY, 13 APR 2018
Most employers and super funds are complying with superannuation guarantee (SG) obligations, but latest ATO data shows there are still some breaching SuperStream standards. Over 2016-17, SuperStream processed 135 million contributions - about five million ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
ASIC disqualified two self-managed super fund auditors - one in South Australia and one in the ACT - for breaching independence requirements. The South Australian auditor, John Tretola, was found to have breached his independence requirements of APES ...

Lawyers slam life insurers in Royal Commission

KARREN VERGARA  |  FRIDAY, 6 APR 2018
The life insurance industry is failing to prove it can self-regulate via its two "deficient" codes, according to Maurice Blackburn Lawyers' submission to the banking Royal Commission. There have been more than 700 breaches of the Life Insurance Code ...

PwC urges super trustees to fast-track GDPR compliance

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... and will only be allowed in specified circumstances, that is, if the individual has given explicit consent. When a data breach occurs, GDPR states data controllers must notify the relevant supervisory authority of the breach within 72 hours of becoming ...

Blue Sky hits back at hedge fund, requests ASIC intervention

ALEX BURKE  |  WEDNESDAY, 4 APR 2018
... Sky's securities." Kain added Blue Sky securities may have been traded in a false market on March 28, which would be in breach of ASX listing rules. Blue Sky suggested Glaucus and "any associates who engaged in the notable increase in short selling in ...

Facebook scandal raises ESG concerns

ALEX BURKE  |  TUESDAY, 3 APR 2018
It's the data breach that led Edward Snowden to describe Facebook as a surveillance company rebranded as a social media one - and it's now having serious implications on ethical investment strategies. Summarised, Facebook is currently embroiled in multiple ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial ...