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Search ResultsShowing 1 - 10 of 100+ results for "Financial System Inquiry"
RBA adds former BT director to board
ELIZA BAVIN  |  FRIDAY, 18 DEC 2020
... director of BHP, BT Investment Management and Westpac. Hewson has also served as a panel member of the Financial System Inquiry and is a member of the Growth Centres Advisory Committee. Her term will commence on 29 March 2021 following the conclusion ...
Design, distribution obligations guide released
KARREN VERGARA  |  FRIDAY, 11 DEC 2020
... over time," Chester said. She added that the new obligations are a "game changer" for the industry. The Financial System Inquiry recommended the obligations in 2014, finding that disclosure alone is unlikely to correct the effect of broader market structures ...
Why has ASIC still not got a chief executive?
KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... chief executive equivalent role, despite a previous report's recommendation to do so. David Murray's Financial System Inquiry recommended the financial regulators undergo periodic capability reviews. As a part of this, ASIC's capability review in 2015 ...
FPA renews calls for advice definition changes
ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... with the concepts of general and personal advice. The report echoed the recommendations of the Murray Financial System Inquiry and the Productivity Commission reports which suggested the term 'general advice' is likely to lead to false expectations about ...
Financial services laws under review
JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... the review with the findings of the Royal Commission, Australian Government Competition Policy Review, Financial System Inquiry, Treasury's 2017 ASIC Enforcement Review Taskforce and the Productivity Commission's 2014 report in mind.
New law backs choice of fund
KARREN VERGARA  |  WEDNESDAY, 26 AUG 2020
... comply with the choice of fund requirements," the memorandum said. The bill addresses the findings of the Financial System Inquiry and the Productivity Commission Inquiry into superannuation, which found that denying choice of fund can discourage member ...
ASIC lays out product intervention plans
HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... ASIC's new "targeted" solving of problems through product intervention. "In recommending the power, the Financial System Inquiry identified the objective of limiting or avoiding the future need for more prescriptive regulation," Chester added. "The availability ...
Association policy lead to join Treasury
ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
... valuable contribution in policy to the SMSF Association and broader sector. He led the SMSFA's work on the Financial System Inquiry, the 2016 superannuation reforms, the establishment of FASEA and its educational and ethical standards, the Royal Commission ...
ASIC product intervention to commence
JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
... Taiwan already exercising similar powers, she added. "ASIC having this power was recommended by the 2014 Financial System Inquiry, supported by the Financial Services Royal Commission, consulted on and agreed to by the Government and received overwhelming ...
Super leaves retirees vulnerable: Research
HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... noting policymakers have been grappling with the issue of financial products for retirement since the 2014 Financial System Inquiry. National Seniors' chief executive John McCallum noted after having their retirement savings managed for them during their ...
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