New AFCA remit not enough: Law firmBY KANIKA SOOD | MONDAY, 17 JUN 2019 12:05PM
A law firm has approached the Treasury with concerns the reforms made to the Australian Financial Complaints Authority after the Royal Commission are flawed and need urgent amendment.Read more: AFCA, Australian Financial Complaints Authority, Creevey Russell Lawyers, Royal Commission, Dan Creevey, Department of Treasury, Federal Government, David Locke, Financial Ombudsman Service, Investments Ombudsman, National Farmers Federation, Superannuation Complaints Tribunal
Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market.
OneVue has made a provision to write down its Sargon receivable by $26 million to just $3.9 million, dragging its first half bottom line to $27 million in losses after tax.
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents.
The multi-asset manager has warned of the effects of climate change on investor's portfolios, urging them to assess a company's "carbon footpath" over eliminating polluters altogether.
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