All posts tagged "Royal Commission"
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72Australia & NZCBA Faces Criminal Charges Over Consumer Credit Insurance Sales
Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.
September 17, 2021 -
80Australia & NZAustralia Can Do More to Facilitate Sustainable Recovery: OECD
The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.
September 16, 2021 -
71Australia & NZAustralia Appoints Inaugural Members to FRAA
Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
September 15, 2021 -
104Australia & NZCourt Finds Colonial First State Engaged in Misleading Conduct
The Federal Court found that Colonial First State misled its customers to encourage them not to transfer their superannuation to a lower cost MySuper product.
September 9, 2021 -
126Australia & NZASIC Issues Final Guidance on Breach Reporting Obligations
Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
September 8, 2021 -
78Australia & NZAustralian Industry Bodies to Standardise Advice Fee Disclosures
The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.
September 2, 2021 -
110Australia & NZAustralian Govt Freezes ASIC Levy for Financial Advisers
Treasury will review the ASIC Industry Funding Model to ensure it remains fit for purpose amid structural changes taking place in the advice industry.
August 31, 2021 -
133Australia & NZAPRA Finalises Prudential Standard on Remuneration
The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.
August 30, 2021 -
117Australia & NZCourt Orders CBA to Publicise Overcharging Misconduct
The Federal Court has ordered CBA to publish notices on its website and its newsroom platform under the heading “Notification of Misconduct by CBA”.
August 17, 2021 -
115Australia & NZ
ASIC to Adopt ‘Reasonable Approach’ to Financial Sector Reforms
ASIC will take a 'reasonable approach' to technical or inadvertent breaches, in recognition that six new reforms taking effect in October will present challenges to firms.
August 13, 2021
