Search ResultsShowing 1 - 10 of 100+ results for "Kenneth Hayne"
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 ...
Why do we need royal commissions, Hayne asks
KANIKA SOOD  |  THURSDAY, 8 AUG 2019
In his first public speech since the Royal Commission's final report in February, Kenneth Hayne mulled why Australians are calling for more royal commissions and what it says about our democracy. "The increasingly frequent calls for Royal Commissions ...
On track: APRA reveals RC progress
HARRISON WORLEY  |  THURSDAY, 8 AUG 2019
... regulator has revealed its responses to each of the 10 recommendations relevant to APRA following the release of Kenneth Hayne's final report into misconduct in the financial services industry, with four due to be ticked off by the end of the year and ...
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 ...
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... decision-making is critical to addressing potential consumer harms, Press said. One sticking point for Commissioner Kenneth Hayne at the time was that s68A did not go far enough in preventing "treating" employers, and called for a civil penalty provision ...
Final nail in the coffin for grandfathered commissions
KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... existing investments. However, ending the payment of such commissions was a key recommendation in Commissioner Kenneth Hayne's final report on the Royal Commission released in February which made 76 recommendations that the government agreed to implement. ...
Wealth management investigations spike
KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... while investigations into wealth management increased 129%. In the Royal Commission's final report, commissioner Kenneth Hayne recommended when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack ...
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