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Showing 1 - 10 of 515 results for "Powers"

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... on purchasing consumer leads linked to retirement saving products. Cbus also called for stronger regulatory intervention powers, warning many Australians remain unable to distinguish between legitimate super products and high-risk or misleading offerings. ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... First Guardian; failed to act in the best financial interests of members when performing its duties and exercising its powers in relation to First Guardian; and failed to do all things necessary to ensure the financial services covered by its Australian ...

Government to fast track low-risk foreign investments

RIDDHIMA TALWANI  |  WEDNESDAY, 20 MAY 2026
... changes will eliminate approval requirements for some low-risk transactions, ensure more agile compliance and enforcement powers to better respond to non-compliance and increase screening requirements for targeted investments to better protect more sensitive ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... themselves beyond the reach of justice.". ASFA said it worked with Treasury during consultation and advocated for stronger powers allowing regulators to secure offenders' super assets before notification, preventing funds from being moved out of reach. ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... $7.6 million over four years from 2026-27 (and $1.4 million per year ongoing) consulting publicly on new data collection powers in relation to managed investment schemes. ASIC will partially meet the cost of this measure through cost recovery. It comes ...

Major UK pension reforms passed

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2026
... This will effectively force pension schemes to invest in nation-building projects and UK businesses. However, mandation powers that the original proposed legislation included and would have allowed the government to dictate allocation levels to certain ...

ASIC to refresh financial market infrastructure guides

KARREN VERGARA  |  TUESDAY, 21 APR 2026
... facilities and derivative trade repositories. For ASIC and the Reserve Bank of Australia (RBA), the law meant having new powers to monitor, manage and respond to risks related to FMIs. For ASIC, this resulted in increased capacity to monitor the ongoing ...

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
... Treasury is seeking feedback on draft legislation that would give the Tax Practitioners Board (TPB) stronger regulatory powers and enable greater sanctions. The draft legislation proposes to introduce criminal penalties for unregistered tax return preparers ...

US, Iran agree to cease fire, outlook remains 'uncertain'

MATTHEW WAI  |  WEDNESDAY, 8 APR 2026
... "significant positive developments" in other aspects of the conflict such as back-channel diplomacy, elective and regional powers intervening in a positive way. "Today's extension of the prior ceasefire which now involves further conditionality around ...

ASIC launches beneficial ownership transparency review

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
... reforms that would increase the disclosure of ownership information for listed companies and expand ASIC's enforcement powers.
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