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Showing 81 - 90 of 515 results for "Powers"

ASIC issues stop order on third property fund

CASSANDRA BALDINI | FRIDAY, 30 SEP 2022

... Property Fund and Private Property Trust No. 20 in response to deficiencies in their TMDs. In late July, ASIC used its powers under the DDO regime to place interim stop orders on three financial firms. These were Responsible Entity Services Limited and ...

Stop orders placed on property funds

CHLOE WALKER | WEDNESDAY, 14 SEP 2022

... mandatory review periods. The stop order for both funds is valid for 21 days unless revoked earlier. In late July ASIC used its powers under the DDO regime to place interim stop orders on three financial firms. These were Responsible Entity Services ...

SMSFA calls for budget amendments

CASSANDRA BALDINI | WEDNESDAY, 7 SEP 2022

... concessional contributions cap followed. "Under this measure the Commissioner of Taxation would be given the necessary powers to apply such amounts to the relevant year of income," it said. Lastly the association recommended providing practical regulatory ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN | MONDAY, 29 AUG 2022

... for three companies over deficiencies in their products' TMDs in July. This marked the first use of its stop order powers under the design and distribution obligations.

Adviser standards consultation commences

JAMIE WILLIAMSON | THURSDAY, 25 AUG 2022

... pathway," the consultation paper reads. Finally, Treasury has proposed that it may be required that regulators be provided new powers in dealing with any potential future misconduct that an adviser who has accessed this pathway may be found guilty of. ...

APRA releases annual corporate plan

CASSANDRA BALDINI | MONDAY, 8 AUG 2022

... of trustees of products that fail the performance test or otherwise demonstrate poor performance and use its prudential powers to take action against trustees where warranted. It added that it will accelerate beneficial industry consolidation to establish ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON | THURSDAY, 4 AUG 2022

... advisers who are subject to a hearing or disciplinary measure. In December, ASIC outlined the operations of the FSCP and what powers it has been afforded. In an update, ASIC has now provided further detail as to what instances may lead to a panel being ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON | THURSDAY, 28 JUL 2022

Flexing its powers for the first time, ASIC has issued stop orders to three companies over deficiencies in their products' target market determinations. In what marks its first use of its stop order powers under the design and distribution obligations ...

Global fintech Smart expands pension offering to Australia

CASSANDRA BALDINI | TUESDAY, 12 JUL 2022

... Global retirement technology provider Smart is expanding to Australia, establishing an office in Melbourne. Smart technology powers UK Smart Pension, a digitally led pension and retirement scheme setup for employers. The Australian business will operate ...

Super trustees face rough seas ahead: Byres

ANDREW MCKEAN | FRIDAY, 24 JUN 2022

... performance. In the name of driving improved member outcomes, Byre's said APRA is unapologetic about making use of its new powers. Byres said: "Parliament didn't give them to us only to have them gather dust." "These powers are important for ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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