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Showing 81 - 90 of 471 results for "ASIC Commissioner"

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... Conference of Major Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner Danielle Press and Australian Tax Office (ATO) deputy commissioner Emma Rosenzweig shared a few areas of focus. Rosenzweig ...

Don't wait for QAR: Press

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
ASIC commissioner Danielle Press pointed out at the Conference of Major Super Funds that retirement products need to be improved and waiting for the Quality of Advice Review (QAR) is not the best strategy. "I think the product piece is important here ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... customers, we will continue to monitor institutions' processes to complete ongoing work in this area," said ASIC commissioner Danielle Press. ASIC said it conducted the two reviews to investigate the extent of failure by the institutions to deliver ongoing ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... will be prepared for an iteration of the performance test for choice products in 2023, Ellis adds. Meanwhile, ASIC commissioner Danielle Press similarly emphasised the need for stronger cybersecurity measures in the financial services sector. "The area ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
At a hearing this morning, Senator Andrew Bragg called out ASIC chair Joe Longo after he opted not to answer questions about ASIC commissioners investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics ...

Material business risk disclosure needs improvement: ASIC

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... fall short of disclosing material business risks in their annual reports, according to the corporate regulator. ASIC commissioner Sean Hughes warned company directors to pull up their socks when it comes to improving the quality of material risks disclosed ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... circumstances that would reasonably suggest that the target market may no longer be appropriate," ASIC said. ASIC commissioner Sean Hughes said: "Issuing and distributing financial and credit products now requires a consumer-first mindset." "This means ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... Hafiz Saroha, Janette Townshend, Yaw Boadi, Brian Carroll, and Linda Ingham are the five auditors reprimanded. ASIC commissioner Sean Hughes said: "SMSF auditors have a fundamental role in promoting confidence in the SMSF sector." "ASIC will apply a ...

ETP naming conventions updated

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... fair, orderly and transparent markets, particularly in the context of ETPs that have unique or novel features," ASIC commissioner Danielle Press said. "The overall reduction in the number of defined labels in our guidance is intended to encourage licensed ...