compliance

Policy & Regulation

Bankers positive on Parliamentary Committee outcome

The Federal Opposition may be painting the Parliamentary Committee inquiry into the banking industry as a damp squib but the Australian Bankers’ Association is accentuati...

Policy & Regulation

Auditor-General critical of ATO on revenue commitments

Amid Government efforts to reign in the Budget deficit, an Auditor General’s report says it is unclear whether the ATO has met its compliance-related revenue commitments....

Policy & Regulation

Single, industry-wide EDR scheme canvassed

The Government’s review of external disputes resolution schemes has canvassed simplification under a single scheme providing a one-stop-shop....

People & Products

Contango adds compliance expertise

Contango Asset Management has recruited Skye Radley as its compliance specialist ahead of its ASX listing later this month....

Funds management

Vanguard appoints new legal and compliance head

Vanguard Australia has appointed the former NAB head of risk and audit governance as their new head of legal and compliance. ...

Tools & guides

Section 912A 'Compliance’ or a recipe for running a successful business?

Grant Holley looks at how compliance is not just about obligations but rather ingredients for running a successful business. ...

Funds management

van Eyk collapse ends in Macquarie Investment Management penalty

Macquarie Investment Management has been subject to civil penalties in the NSW Supreme Court over its role as responsible entity for the van Eyk Blueprint funds....

Life/Risk

Premium increases the go-to option for stressed insurers

APRA has warned life insurers they are facing an image problem but the regulator’s stress-testing has revealed that premium increases are the industry’s tactic of first r...

Policy & Regulation

TPD rights extend beyond bankruptcy

A recent WA Supreme Court decision has established a precedent for TPD claimant rights in circumstances of bankruptcy....

Policy & Regulation

New claims-handling allegations highlight value of advisers

The latest Four Corners report detailing problematic TPD claims-handling have served to reinforce the value of good life/risk advisers....

Financial planning

ASIC thinks middle-managers are more culturally influential

ASIC chairman, Greg Medcraft, has pointed to middle-managers as being more influential in driving financial services cultures....

People & Products

New MDA operator enters market

A new managed account business, MA Operator, has launched into the industry this week, which would target financial advisers to manage investments on clients’ behalf....

Financial planning

ASIC ponders key litigation loss

The Australian Securities and Investments Commission is pondering its position after a decision of the full Federal Court handed it a significant setback....

Financial planning

Sydney firm AFSL cancelled

ASIC has cancelled the AFSL of Sydney-based general product advice provider, Etern Wisdom, for breaching both its obligations and its licence conditions. ...

Financial planning

Macquarie AFSL conditions removed

ASIC has removed additional conditions it imposed on Macquarie Bank’s AFSL after a review by KPMG found no additional breaches to those the bank had already reported. ...