All posts tagged "Sean Hughes"
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382Australia & NZASIC to Review Whistleblower Policies for Noncompliance
ASIC will consider enforcement action and other regulator tools where compliance falls short of expectations, says commissioner Sean Hughes.
March 21, 2022 -
312Australia & NZASIC Urges Listed Entities to Disclose Business Risk Properly
Listed company directors and auditors should focus on impairment of assets, particularly as some businesses may be adversely affected in a post-Covid environment.
December 23, 2021 -
257Australia & NZ
ASIC Consults on How it Communicates Audit Review Findings
ASIC proposes to start communicating with company directors more routinely regarding findings from its audit inspections.
December 15, 2021 -
192Australia & NZ
ASIC Calls for Review of Non-compliant Whistleblower Policies
Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.
October 14, 2021 -
201Australia & NZAustralian Court Orders BOQ to Replace Unfair Contract Terms
Bank of Queensland has been ordered to replace unfair contract terms in all standard form contracts with small business customers entered into from November 2016.
August 16, 2021 -
476Australia & NZAustralia Delays National Consumer Credit Protection Act Reforms
Whether or not responsible lending obligations are repealed, ASIC says it will enforce lending standards as part of its focus on consumer protection.
March 29, 2021 -
1.1KAustralia & NZAustralia Launches ‘Buy Now Pay Later’ Code of Conduct
The code makes AFCA membership compulsory and incorporates ASIC’s new design and distribution obligations regime.
February 27, 2021 -
265Australia & NZ
Targeted Product Intervention to Lead to ‘Less Regulation’: ASIC
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
February 23, 2021 -
278Australia & NZASIC Seeks Penalties from CBA for Overcharged Interest
Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.
February 17, 2021 -
1.2KAustralia & NZ
Underinvestment in Data, Tech a Root Cause of Breaches: ASIC
Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020
