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Regulatory

ASIC bans Charterhill director from financial services

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Charterhill Group founder and director George Nowak has been banned by ASIC from practicing financial services until 3 July 2017.

Hagger defends NAB advice, brushes off independent review

ALEX BURKE  |  MONDAY, 9 MAR 2015
NAB Wealth chief executive Andrew Hagger has defended the bank's internal advice review processes to the Senate economics references committee.

Australia and Switzerland agree tax crackdown

MARK SMITH  |  WEDNESDAY, 4 MAR 2015
Federal Treasurer Joe Hockey and Swiss Ambassador Marcel Stutz have agreed to increase cooperation to tackle tax evasion.

Borrowing magnifies risk: David Murray

ALEX BURKE  |  MONDAY, 2 MAR 2015
FSI chair and former CBA chief executive David Murray clarified his position on borrowing in super at the Switzer Leadership Lunch in Sydney.

Law should stop banks "bundling" super: ISA

ALEX BURKE  |  MONDAY, 2 MAR 2015
Industry Super Australia (ISA) has denounced banks offering employers incentives to "bundle" super with business banking and insurance services.

ASIC bans former Westpac problem gambler

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
ASIC has permanently banned a former Westpac home finance manager from practicing financial services.

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
In his opening statement to the Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients.

Tightening of super tax concessions far from guaranteed

MARK SMITH  |  WEDNESDAY, 25 FEB 2015
Treasury's Rob Heferen has said that while media reports and industry stakeholders seem convinced a government raid on super tax concessions is on the horizon, that outcome is far from guaranteed.

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
Nationals' Senator John Williams has given Treasury the suggested terms of reference for a Royal Commission into white collar crime.

Assistant Treasurer to consult with financial advice stakeholders

ALEX BURKE  |  FRIDAY, 20 FEB 2015
Assistant Treasurer Josh Frydenberg has announced he will discuss issues pertaining to professional, standards within the financial services industry with all relevant "stakeholders" prior to making any policy decisions.