Search ResultsShowing 1 - 10 of 100+ results for "Commissioner Kenneth Hayne"
Government opens BEAR extension consultation
HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
More than a year after it was recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial ...
Government edges towards regulator cooperation
HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth Hayne that the regulators be bound by a statutory obligation to work together. The Financial Regulator Reform (No.2) Bill ...
ASIC takes action against TAL over RC case
HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... commenced proceedings against TAL Life in the Federal Court over one of the cases referred to it by Royal Commissioner Kenneth Hayne. The corporate regulator has filed a civil case against TAL, alleging the insurance giant breached the ASIC Act , Corporations ...
Cost savings, RC boost digital advice
JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
... over the period, particularly during key milestones of the Royal Commission. In December 2017 when Commissioner Kenneth Hayne was appointed, the solution saw 1707 digital advice sessions. The following January following the initial public hearing, it ...
APRA floats insurance in super change
HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... Insurance in Superannuation (SPS 250), responding directly to two of the recommendations of Royal Commissioner Kenneth Hayne. The proposals were outlined in a letter to industry stakeholders today, and include requiring super funds to independently certify ...
Spotlight on super welcomed
HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... a 'default once' framework to prevent unintended multiple accounts, as recommended by both Commissioner Kenneth Hayne and the recent Productivity Commission review of superannuation, and legislating an obligation for trustees to consider the ...
Support staff should meet FASEA standards
ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in 2021 and the regulator should conduct that review. Hayne ...
One regulatory regime enough: FSC
HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
The Financial Services Council echoed the advice of Commissioner Kenneth Hayne in its call for a "significant" simplification of the regulatory system for tax and financial advisers. In a submission to the independent review of the Tax Practitioner's ...
Frydenberg flags new advice disciplinary system
HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... implementation roadmap released today. Revealing how the government will tackle the 76 recommendations made by Commissioner Kenneth Hayne in his landmark report into misconduct in Australia's financial services system, Treasurer Josh Frydenberg said ...
Unfair contract terms extended to insurance
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... In recommendation 4.7, the application of unfair contract terms provisions to insurance contracts, Commissioner Kenneth Hayne said there was no reason to exempt insurance contracts from UCTs where it is appropriate for financial products and services ...
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