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Search ResultsShowing 81 - 90 of 100+ results for "Regulatory"
ISA ramps up campaign against super reforms
ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... members' savings and said it generated up to $10 billion a year in profit. "The government instead wants to install a regulatory kill switch, which would allow it to prohibit any super fund investment or expenditure they do not approve of, even if in ...
Financial services' biggest tax bills revealed
ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
How much did Challenger, Perpetual, UBS and J.P. Morgan pay in taxes? The Australian Taxation Office has released the latest numbers. The ATO's latest Corporate Tax Transparency report found AMP Limited as the financial institution outside the big ...
GE, Cheesecake Factory pursued for disclosure violations
ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
The US Securities and Exchange Commission (SEC) has kicked off the festive season by cracking down on misleading disclosures about cashflow and profitability. On December 4, the SEC announced it would be charging the Cheesecake Factory for misleading ...
Mayfair 101 heads to mediation
ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
In what seems to be a win for the embattled business, the federal court has consented to Mayfair 101's request that a mediation be ordered in proceedings brought by ASIC. "Today's court outcome is a big win for our investors. This matter should have ...
Clive Palmer ramps up calls for Shipton's head
ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
Controversial businessman and leader of the United Australia Party Clive Palmer has mounted an advertising campaign calling for ASIC chair James Shipton to resign. Palmer took out full-page ads in several state and national newspapers with the copy ...
Design, distribution obligations guide released
KARREN VERGARA  |  FRIDAY, 11 DEC 2020
The regulatory guide on product design and distribution obligations for the financial services industry has been released. ASIC's RG 274 Product design and distribution obligations aims to help consumers obtain appropriate financial products by ...
US regulator, states sue Facebook
JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
Facebook appears unfazed by antitrust lawsuits filed by 46 US states and the Federal Trade Commission seeking to force the social media giant to divest key assets, labelling the actions 'revisionist history'. The FTC and 48 Attorneys General ...
Damning Rio report to shake mining industry
ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
... that the tragedy at Juukan Gorge was 'inevitable' given current mining industry practices and inadequate legal and regulatory frameworks is extremely concerning to investors," Blakey said. "Mining companies failing to negotiate fairly and in good faith ...
Government to wind up FASEA
KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... advice sector," Hume said. "Treasury and ASIC will work closely with FASEA to ensure an orderly transition to the new regulatory framework." The FSCP currently supports ASIC in conducting banning orders against individuals for misconduct. Citing the ...
CBA provides BoCommLife update
ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...
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