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Showing 41 - 50 of 3280 results for "Consumers"

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... Crypto-assets are risky, inherently volatile and complex," ASIC deputy chair Sarah Court said. "ASIC remains concerned that consumers do not fully appreciate the risks associated with products involving crypto-assets and today's decision is an important ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... included crypto assets through his company, A One Multi Services. The corporate regulator alleges that Hala encouraged consumers to establish a self-managed superannuation fund (SMSF), and to roll over their existing superannuation into the SMSF and ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... and lost investment earnings on those amounts. "Unintended multiple accounts remain a significant issue for Australian consumers despite reforms designed to reduce their frequency," she said. This demonstrates the important role of the trustee in safeguarding ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... of the actual AI use cases that are being developed and deployed in the Australian market, as well as how they impact consumers. "The point is, the responsibility towards good governance is not changed just because the technology is new," Longo said. ...

Aussies want advice from their super fund: CFS

CHLOE WALKER  |  TUESDAY, 23 JAN 2024
... September 2023, included 456 respondents who currently have a financial adviser. It found that almost half (44%) of consumers who have never received personal advice want their super fund to provide it. The majority of those (60%) who already have an ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
... recommendations across four reports, including the final. The reforms are aimed at reducing costs for services providers and consumers, improving productivity, and providing clarity as to compliance requirements and enforcement. The existing legal framework ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... Association Australia (FAAA) expects a year of positive change, including cutting costs for advisers, greater engagement with consumers, and rising adviser numbers. Outlining its priorities and expectations for 2024, the FAAA has said a key focus for ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... purchases at department stores (up 3.3%). ABS head of business statistics Robert Ewing said: "The strong rise suggests that consumers held back on discretionary spending in October to take advantage of discounts in November. Shoppers may have also brought ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) has revised the maximum amount consumers can claim for compensation. As of 1 January 2024, the maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 ...