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ASIC COMMENCES CIVIL PENALTY PROCEEDING AGAINST WESTPAC FOR POOR FINANCIAL ADVICE

ASIC has commenced Federal Court proceedings against Westpac in relation to alleged poor financial advice in relation to one of its advisers. In four sample client files, the adviser: • breached the best interests duty under the Corporations Act (the Act); • provided...

THE ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY (RC) – ROUND 4 HEARINGS AND BACKGROUND PAPERS

The RC has released further information on the Round 4 hearings on experiences with financial services entities in regional and remote communities, which will be held from 25 June – 29 June 2018 and 2 July – 6 July 2018. The Round 4 hearings will focus on issues...

THE ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY (RC) – ROUND 4 HEARINGS

The fourth round of hearings have been announced and will be held between 25 June 2018 – 29 June 2018 and 2 July – 6 July 2018. These hearings will focus on issues affecting Australians who live in remote and regional communities, which relate to farming finance,...

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  • ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY (RC) – ROUND 7 HEARINGS
  • NOTIFICATION OF AFCA CHANGE TO ASIC BY LICENSEES
  • ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY (RC) – ROUND 6 BACKGROUND PAPERS
  • ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY (RC) – ROUND 6 HEARINGS

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