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Showing 91 - 100 of 3641 results for "Action"

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
E&P Financial Group has settled a class action relating to investment advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
ASIC has announced plans for strong, targeted enforcement action in the superannuation sector, focusing on member outcomes in 2024. Baring its teeth in an enforcement and regulatory update released today, the corporate regulator signalled that tackling ...

APAC looks to data-driven future: State Street

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
Over 80% of institutions globally expect sizeable opportunities to emerge from enhanced data management and usage, according to State Street's latest report. The State Street Data Opportunity Study, conducted in the third quarter of the year, analysed ...

Nominations open in FS Sustainability Power50

RACHEL ALEMBAKIS  |  TUESDAY, 14 NOV 2023
... breadth and depth of ASX-listed companies, from the big end of town to the small caps." 2023 has proven a fast-moving and action-packed year in sustainability as the federal government announced plans to make climate reporting mandatory from 1 July 2024 ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
The Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... 2027-2028. As FS Sustainability reported in June, the proposal includes a three-year transitional period with regulator-only action against directors and reporting entities in relation to forward-looking statements and Scope 3 emissions possible during ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... the scam. The following year, a senate committee handed down an inquiry report into the SIT and urged ASIC to take more action in a "bid to protect consumers." "ASIC acknowledges the great distress, financial and emotional, the collapse of the Sterling ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Elsewhere, the bank has not quantified the liability for one of its lawsuits. On 5 October 2023, Westpac defended a class action in the Federal Court of Australia against BT Funds Management (BTFM), Westpac Securities Administration (WSAL) and Westpac ...

Hollywood strike plays havoc with film fund

CASSANDRA BALDINI  |  FRIDAY, 3 NOV 2023
The AEP Screen Fund has not been able to raise a single dollar due to the ongoing strike action in Hollywood, but GSFM chief executive Damien McIntyre is confident the money will pour in once a deal between actors and production companies is signed. ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
ASIC warned it is taking tougher action on licensees as they fail to comply with the reportable situations regime two years on. Of the 16,836 reports ASIC received from financial services and credit licensees in the year to June 2023, 17% took over ...