AFCS's Processes for Systemic Issues
Phillip Sweeney made this Freedom of Information request to Australian Securities and Investments Commission
This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.
Dear Australian Securities and Investments Commission,
The Treasury is conducting a Review of the Australian Financial Complaints Authority and the terms of reference include "1.2 Are AFCA's processes for the identification and appropriate response to systemic issues arising from complaints effective"?
Evidence has been provided to David Locke of a systemic issue that relates to a majority of National Australia Bank's Australian Staff who were unlawfully transferred from a top-10 performing "not-for-profit" staff superannuation fund into the poor performing"for-profit" MLC Super Fund.
This transfer was in contravention of the governing rules of the fund and in contravention of superannuation laws.
David Locke has a duty to report this systemic misconduct to ASIC (as well as APRA).
The document (or documents I seek) are copies of any correspondence from David Locke (or AFCA) to ASIC that would confirm that David Locke has complied with his duty to report systemic misconduct to ASIC.
Yours faithfully,
Phillip Sweeney
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Sent request to Australian Securities and Investments Commission again.
Dear Mr Sweeney
Freedom of Information Request No. 071-2021
Please see attached a second notice to identify documents under s 24AB of
the FOI Act.
Regards.
Krystal Fung
Escalated Matters & Government, Assessment & Intelligence
Australian Securities and Investments Commission
[1][email address]
[2]ASIC logo
Dear Mr Sweeney
Freedom of Information Request No. 071-2021
Please see attached a second notice to identify documents under s 24AB of
the FOI Act.
Regards.
Krystal Fung
Escalated Matters & Government, Assessment & Intelligence
Australian Securities and Investments Commission
[1][email address]
[2]ASIC logo
Dear Mr Sweeney
Freedom of Information Request No. 071-2021
Please see attached notice of access decision.
Regards
Krystal Fung
Escalated Matters & Government, Assessment & Intelligence
Australian Securities and Investments Commission
[1][email address]
[2]ASIC logo
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References
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3. https://www.asic.gov.au/privacy
Dear Mr Sweeney
Freedom of Information Request No. 071-2021
Please see attached notice of access decision.
Regards
Krystal Fung
Escalated Matters & Government, Assessment & Intelligence
Australian Securities and Investments Commission
[1][email address]
[2]ASIC logo
Please consider the environment before printing this document.
Information collected by ASIC may contain personal information. Please
refer to our [3]Privacy Policy for information about how we handle your
personal information, your rights to seek access to and correct
your personal information, and how to complain about breaches of your
privacy by ASIC.
This e-mail and any attachments are intended for the addressee(s) only and
may be confidential. They may contain legally privileged, copyright
material or personal and /or confidential information. You should not
read, copy, use or disclose the content without authorisation. If you have
received this email in error, please notify the sender as soon as
possible, delete the email and destroy any copies. This notice should not
be removed.
References
Visible links
1. mailto:[email address]
3. https://www.asic.gov.au/privacy