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Showing 81 - 90 of 1022 results for "Inquiry"

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Resort (CSLR), funding model that must be fixed. The Dixons scandal is on such a massive scale that it warrants a public inquiry into the circumstances that led to this failure and recommendations to ensure this cannot happen again," FAAA chief executive ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... injected an additional $400 million into ASIC to cover four years. It also expanded ASIC's powers. "However, evidence to the inquiry suggests that the increases to ASIC's resourcing have not resulted in a marked uplift in ASIC's performance. As such ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... calling for a complete overhaul of its structure, powers and how it's funded. In October 2022, the Senate referred an inquiry into the capacity and capability of ASIC to proportionately respond to reports of alleged misconduct. The inquiry, chaired ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... Association Australia (FAAA). In its submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Financial Abuse, the FAAA put forward seven key recommendations to help reduce the impact of financial abuse. These ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... financial advice as the bill simply codifies current practice into law." Many stakeholders who submitted feedback to the inquiry referred to the sole purpose test to achieve greater clarity. The Stockbrokers and Investment Advisers Association (SIAA) ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... the recovery program over its lifespan," she told a Parliamentary Joint Committee on Corporations and Financial Services inquiry last year. Super has not been included in the entitlements until Treasurer Jim Chalmers announced the recalibration last ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... could result in channels of funding dry up. A recent Parliamentary Joint Committee on Corporations and Financial Services inquiry is considering a refresh of the entire wholesale investor test framework. According to the terms of reference, the government ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... consequential impacts." On March 20, a Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the entire wholesale investor testing framework. Key facets such as application of the tests in practice, legal requirements ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... existing and proposed super for housing policies. Chair of the Senate Economics Committee Senator Andrew Bragg said the Inquiry was recalibrated to assess how policy could improve retirement outcomes by letting Australians use their superannuation to ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... day before he was arrested, Mawhinney published an article on the Mayfair 101 website, again calling for a Parliamentary inquiry into ASIC and its investigation of IPO Wealth Group and Mayfair 101. "The Australian Parliament needs to uncover what has ...