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Showing 1021 - 1030 of 6457 results for "Regulatory"

Stockland, Invesco Real Estate forge land lease deal

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... in greater Sydney, South East Queensland, greater Melbourne and greater Perth. The transaction is currently up for regulatory approval with the Australian Competition and Consumer Commission (ACCC) commencing its review on February 8. Stockland's ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
The former director of DanFX, an unlicensed foreign exchange trading business, has been sentenced to seven years and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian ...

abrdn global chief executive steps down

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... November 2019. Group chief financial officer Jason Windsor was appointed as interim group chief executive subject to regulatory approval while a formal search process gets underway. "It has been a privilege to lead abrdn through an intensely challenging ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
ASIC issued two interim stop orders to Trademax Australia after it found the broker was relying on a poorly designed questionnaire which retail investors were able to attempt multiple times to determine they were in the target market. The business is ...

SEC approves eight Ethereum ETFs

ELIZA BAVIN  |  FRIDAY, 24 MAY 2024
... positive, Australia risks being left behind. "While the tide is shifting in the US both at an institutional, government and regulatory level Australia is still slow off the mark," they said. "It's clear from the actions this week that there will be a ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds. The UK government introduced new HNWI and sophisticated ...

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN  |  WEDNESDAY, 22 MAY 2024
... achieve better outcomes. "When it comes to pension strategies, estate planning or keeping trustees well-informed about regulatory changes, who better than a financial adviser to provide guidance around these topics?" Reflecting the growing digital world ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... the increasing challenges of running a corporate superannuation fund," Willis Tower Watson said. "Over the years, the regulatory environment has become more complex, which has increased the demands, risks and costs associated with running a small, stand-alone ...

Spaceship appoints new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... Spaceship, Beydoun is responsible for overseeing the company's risk management framework, ensuring compliance with regulatory standards, and enhancing its risk management capabilities. Spaceship said his appointment "reaffirms its commitment to maintaining ...