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Showing 941 - 950 of 2506 results for "Legal"

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... and Financial Crime Program Review, which is currently underway. In launching an investigation, APRA is able exercise its legal powers that were strengthened following the 2017 CBA Prudential Inquiry. The APRA investigation will be conducted simultaneously ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... non-disclosure." In a statement, TAL acknowledged the action and said it respected the role of the regulator. "TAL has received legal proceedings from ASIC in respect of a claim in 2014 that was examined by the Royal Commission," TAL said. "We respect ...

Westpac directors slammed

ALLY SELBY  |  THURSDAY, 12 DEC 2019
... breaches demonstrate the bank's disregard for moral good. "The scandal that has erupted following the disclosure of 29 million legal breaches to AUSTRAC, has shown a blatant disregard for ethical culture and behavior," Medd said. Medd blames the board ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... financial advice to deceased superannuation members, whether intentional or not, is a breach of superannuation licensees' legal obligations," Rowell said. "However, by imposing additional licence conditions, we are ensuring Avanteos is held accountable ...

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
One of the nation's largest super funds has joined forces with Women's Legal Service Victoria (WLSV) to simplify the process of splitting super assets. HESTA said it is working with WLSV to remove barriers preventing women from claiming their fair share ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
APRA has approved IOOF's application to purchase ANZ's superannuation business. The decision to allow the purchase of OnePath Custodians and Oasis Funds Management comes from APRA after it was granted the legislative power to approve or refuse an application ...

Industry fund publicly shames investment adviser

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... often constitute a poor investment over the long term." He said the fund has concerns that it is exposed to significant legal, regulatory and reputational risks in North America and Europe due to allegations of labour law and occupational health and ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... two days and in February 2017 he reviewed the statement again by himself and returned it to the watchdogs Sydney offices. Legal teams for both Citigroup and Deutsche Bank have questioned the immunity deal, saying the statements provided have been compromised ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the watchdog would confirm by the end of the month ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... insurance." The change has been brought to effect through ASIC's modification power in the Corporations Act, with a new legal instrument - ASIC Corporations (Hawking-Life Risk Insurance and Consumer Credit Insurance) Instrument 2019/839 - to prohibit ...