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Showing 131 - 140 of 11031 results for "May"

Jo-Anne Bloch to chair CSLR

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... CSLR. "As an interim step, amendments have been made to AFCA's authorisation so that, to the extent possible, complaints that may be eligible under the CSLR are progressed only if the financial services firm was licensed to provide the relevant product ...

Canna Campbell slapped with $114k legal bill

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... registered trademark, "Financial Foreplay", by using it on social media platforms and podcasts between 12 February 2020 to 15 May 2021. In one example, Justice Manousaridis said: "The screenshots record images of the "SugarMamma's Financial Foreplay" ...

Warren Buffet honours Charlie Munger in Berkshire shareholder letter

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... Buffet said Berkshire's ability to immediately respond to market seizures with both huge sums and certainty of performance may offer an occasional large-scale opportunity. "Though the stock market is massively larger than it was in our early years, today's ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... chief executive Sarah Abood said there is less immediacy for banks and life insurers to enter advice. "Banks [in particular], may feel that they've been burned on advice and may require a fair bit of certainty to entice them back into the advice ...

HSBC wins $23bn in admin, custody mandates

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
HSBC's local custody business may be turning its fortunes around, growing its assets under custody and administration by close to 40% with two fresh mandate wins. According to the latest Australian Custodial Services Association (ACSA) statistics, HSBC ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that may impact future financials. The group's NPAT for 1H24 was more than 4000% higher at $27.8 million, primarily due to offloading ...

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... farmland property are considering the best options to either transfer the land or restructure investments to factor in a tax that may require payment in years of low cash flow. "This is not an asset that farmers are generally holding to make a capital ...

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Association chief executive Peter Burgess said these changes were expected and alongside the Stage 3 tax cuts mean that some may have additional disposable income to contribute more to super. Burgess told the SMSFA National Conference that the proposed ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... cases, we saw evidence that trustees were aware of and monitoring the underperformance. Yet our review showed that members may not have been aware that their investment option was not performing as anticipated," ASIC said. "While trustees communicate ...

Younger Aussies embracing SMSFs, guidance needed

CHLOE WALKER  |  WEDNESDAY, 21 FEB 2024
... seeking greater control over their retirement savings. However, she said there remains considerable roadblocks for many who may otherwise wish to establish an SMSF. "One of the big detractors for young people considering an SMSF is fear of legislative ...