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INDUSTRY NEWS
The corporate regulator has permanently banned Ross Andrew Hopkins from providing financial services after it found he had made 167 unauthorised transfers totalling $2.94...
INDUSTRY NEWS
The Government’s proposed compensation scheme of last resort will likely have a future cost of advice failures that is $8 million higher than the Government forecasts....
INDUSTRY NEWS
Former Halifax Investment Services lead auditor, Robert James Evett, has been found to not be a fit and proper person to remain registered as an auditor following his con...
INDUSTRY NEWS
The corporate regulator’s new chair, Joe Longo, believes that reading the publicly available report of the regulator’s governance practices is sufficient and has not aske...
INDUSTRY NEWS
None of the outcomes resulted in criminal proceedings, and there is a similar percentage of ongoing cases by the corporate regulator....
INDUSTRY NEWS
To reduce the reporting burden, the corporate regulator is allowing licensees to batch upload reports that derive from a single root cause as part of the new breach repor...
INDUSTRY NEWS
If the corporate regulator had funds awarded by penalties put into the financial advice levy it could look like a new revenue stream aimed at players with deep pockets....
INDUSTRY NEWS
The regulator has outlined the purpose, design and scope of its climate vulnerability assessment to help regulated entities, including the largest banks, understand and m...
INDUSTRY NEWS
Product issuers and distributors need to be careful with what incentives apply to distributors who sell products to those target customers, according to EY....
INDUSTRY NEWS
Successful litigation against NAB, Westpac and Dixon Advisory could add enough to the corporate regulators coffers to cover the difference from the reduced levy....
INDUSTRY NEWS
Without the Government’s intervention, levies on financial advice would have increased from $25.6 million in 2017-18 to an estimated $71.4 million in 2020-21....
INDUSTRY NEWS
There will be more balance in the corporate watchdog in responding to technical or inadvertent contraventions, according to a law firm. ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...