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Showing 1 - 10 of 521 results for "Powers"

FSC calls for tougher oversight of advice licensees

VINNY VUCAGO  |  THURSDAY, 30 JUL 2026
... register infrastructure, including the Financial Adviser Register, improving the use of existing licensing and enforcement powers, and strengthening oversight of professional indemnity insurance, including a review of minimum cover requirements. FAAA ...

Trump slugs Australia with new 'forced-labour' tariffs

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... February 20, the US Supreme Court terminated the reciprocal tariffs imposed under the International Emergency Economic Powers Act in April 2025. The court deemed the Liberation Day policies unlawful. Trump subsequently imposed a global, blanket 10% Temporary ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
... notes reforms to Australia's insolvency regime should make phoenix activity more difficult and give liquidators stronger powers to pursue those responsible. "It is important that any changes to the insolvency regime need to more carefully restrict phoenixing ...

Government consults on discretionary trust tax

MATTHEW WAI  |  THURSDAY, 9 JUL 2026
... "Feedback is sought on appropriate treatment of cases such as modern commercial trusts, where trustees typically retain powers to change entitlements, add beneficiaries, or amend trust deeds, whether or not those powers are exercised." Notably, amounts ...

Treasury publishes final report into the ERS

ELIZA BAVIN  |  THURSDAY, 2 JUL 2026
... the current ERS legislation and regulations and evolve the sandbox to a model that leverages ASIC's existing relief powers." The review also suggested the ERS should be better integrated with ASIC's broader functions, particularly licensing and ...

ASIC moves to strengthen defences against financial scams

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
... the majority of licensee websites to the register in coming months. Kirkland said ASIC could consider using compulsory powers if necessary to achieve a complete register. The initiative forms part of ASIC's broader anti-scam strategy and comes amid persistent ...

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. ...
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