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Showing 31 - 40 of 576 results for "Lodge"

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... determination from the Australian Financial Complaints Authority to be compensated up to $150,000. Consumers will be able to lodge claims for compensation from April 2024, with the first compensation payments to follow shortly thereafter. "This is a ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... funds. Berndale's Australian financial services licence required it to maintain a minimum level of net tangible assets and lodge audited financial reports. ASIC alleged the relevant overseas funds and accounts either did not exist or were grossly inaccurate. ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... provide general financial product advice to wholesale client. The licence was suspended after Huntley Management failed to lodge financial statements and compliance plan audit reports for the 2021 and 2022 financial years for one of its managed schemes ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
Treasury is consulting on whether the Australian Financial Complaints Authority (AFCA) should have its remit expanded to deal with more complaints related to superannuation, following the Federal Court's MetLife decision. As it stands, under Part 7.10A ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
The Australian Financial Complaints Authority (AFCA) received close to 1500 complaints about superannuation funds over the course of the COVID-19 pandemic. Releasing data now that the World Health Organisation has declared the pandemic over, AFCA said ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Operating a financial advice practice is set to become easier and cheaper under a raft of measures the federal government has introduced, which includes buffering the rising costs of power bills and reducing administration burdens. Federal treasurer ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
Australian Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1 ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... rolled over from their APRA fund and then withdrawn from the SMSF bank account, these members abandon the fund and never lodge a return." This trend has risen as over the last five years as a significant number of SMSFs failed to lodge their first ever ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...