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Showing 81 - 90 of 953 results for "Commissioner"

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... information will provide clarity and certainty to financial advisers about when and how they can use ROAs," ASIC commissioner Danielle Press said. "ASIC is committed to supporting the advice industry in its efforts to ensure everyday Australians can ...

FASEA to reword Standard 3

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... said. "Standard 3 also seems to go beyond the recommendations of the Banking Royal Commission. In his final report, Commissioner Hayne posed the question: "Is there more that could be done to manage those conflicts better?"

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
The Australian Taxation Office appointed a second commissioner to serve a seven-year term. Kirsten Fish was previously serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... CBA's conduct was revealed during the Royal Commission and was the subject of a case study in the final report from Commissioner Hayne. The charges also come after ASIC undertook a review of the sale of consumer credit insurance by 11 major banks and ...

ASIC smooths path for crypto ETFs

ELIZABETH MCARTHUR  |  MONDAY, 1 NOV 2021
... must be considered by product issuers and market operators in meeting their existing regulatory obligations," ASIC commissioner Cathie Armour said. "The good practices we published provide practical examples of how these obligations may be met, in a ...

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... Australian Tax Office develop a Bill of Rights for taxpayers. The committee made 19 recommendations in response to the Commissioner of Taxation's Annual Report. Along with suggesting a taxpayer Bill of Rights be developed and implemented, the committee ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... potential conflict, resulting in a lack of restrictive measures and oversight to adequately counter this risk," ASIC commissioner Danielle Press said. "This is very concerning given the level of sophistication and governance required of trustees when ...

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... adding that he contributed to that culture by occupying senior roles in which he did not perform as was required. ASIC commissioner Danielle Press said the decision is a clear reminder to officeholders that they cannot disclaim responsibility for their ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... and Laughlin question whether directors' failure to understand their businesses enabled the misconduct uncovered by Commissioner Hayne's inquiry. While boards in the financial services industry have certainly changed in recent years, there is evidence ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... trustees abide by its requirements and may consider action where misconduct causing consumer harm is identified. ASIC commissioner Danielle Press said it is important that employers do not take steps that are inconsistent with laws designed to promote ...