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Regulation

regulation

21 February 2018 • By Reporter • 1 min read

Fund manager enters EU over AFSL application

ASIC has accepted an enforceable undertaking from the directors of Sydney-based One Investment Group for being “materially misleading” in their ...

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Retirement incomes panel announced

The government has revealed the nine experts who will advise Treasury on the development of a retirement income product framework. A new advisory ...

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Rating agencies disengaged from compliance

Only half of the six major Australian credit ratings agency boards are demonstrating proper engagement with compliance matters, ASIC has found

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New ASIC boss outlines priorities

New ASIC chairman James Shipton has outlined some of his top priorities, including professionalism within financial advice and a continuation of his ...

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AFCA bill passes through Senate

Legislation to establish the one-stop shop dispute resolution body, the Australian Financial Complaints Authority, has passed the Senate

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No legal barriers for royal commission witnesses

Commissioner Kenneth Hayne QC has confirmed he will take a very dim view of institutions that seek “legal redress” against whistle-blowers providing ...

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Violent offenders could lose super

Court-ordered debts of violent criminals could soon be paid out of their superannuation, but IOOF says the idea will need “careful consideration”

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Make ASIC a ‘champion for competition’: PC

The Productivity Commission has released a damning report about the lack of competition within Australia’s financial system, recommending a regulatory ...

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ClearView penalised for aggressive sales tactics

Insurance company ClearView will refund $1.5 million to 16,000 customers for using “unfair and high-pressure” life insurance sales practices. A ...

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ASIC removes OpenMarkets’ licence conditions

ASIC has removed licence conditions it imposed on OpenMarkets after an independent review found the company had “adequately addressed” doubts about ...

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