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Regulatory

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
The 2019 Federal Budget is projected to deliver a $4.1 billion surplus, up from the $2.2 billion estimate in this year's Budget. Financial services regulators have also received increased funding in the government's Mid-Year Economic and Fiscal Outlook ...

ASIC goes to court seeking AMP documents

KANIKA SOOD  |  MONDAY, 17 DEC 2018
ASIC is seeking an order from the Federal Court to compel Clayton Utz to produce AMP documents that have been withheld from the corporate regulator to date.

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
Australia's money laundering watchdog is warning superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung.

Labor pledges tougher unpaid super penalties

KARREN VERGARA  |  MONDAY, 17 DEC 2018
Labor is promising to crack down on "dodgy" employers that underpay or fail to pay superannuation with tougher penalties if it comes to power.

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Complaints staff of life insurance companies are the most helpful when it comes to resolving customer disputes, ASIC has found.

Super funds defend $5bn infrastructure investment

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
A consortium including several of Australia's largest superannuation funds will contest allegations from the ACCC that a 2013 purchase of two New South Wales ports breached competition law.

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
The financial services industry is ambivalent about having one overarching regulator, Financial Standard's latest survey shows.

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
APRA is seeking to impose license conditions on IOOF and disqualify several of the firm's executive leaders.

AFCA receives 500 super complaints in first month

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Australia's superannuation industry copped more than 500 complaints to the Australian Financial Complaints Authority in the body's first month of operation.

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Investment managers and financial advisers were among the leading sectors responsible for funding ASIC last financial year.