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Showing 91 - 100 of 5787 results for "Money"

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... to ASX Clear in June 2014. Similarly, in March 2015, she caused the transfer of $1.6 million and $350,000 out of client money accounts of the Saxo Buffer account and Futures client segregated account, respectively, to fund a payment owed by the company. ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... "They do so by deeply understanding their members and the workplaces in which their members work - they know exactly whose money it is they are stewarding," Schubert said. "Outside of the world of super, you'd think of them as not-for-profit or for-purpose ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
... pockets of hard-working Australians - they don't discriminate, and they use sophisticated techniques to steal information and money," Court said. By using digital platforms like social media, Court believes scammers are constantly evolving as they adaptively ...

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
... potential and support great retirement outcomes for our almost 2.4 million members. "We've been putting members' money to work both locally and globally, to support all of our members to retire well, and I'm confident Phil will help our fund ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... promised, the parties made Ponzi-like payments to investors, the SEC alleges. This was because Burkhalter was actually using the money invested to fund his lavish lifestyle, including buying a $4.7 million luxury yacht and spending $7 million on chartering ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... expects funds to communicate proactively and transparently with members, be accountable and deal responsibly with their money and deliver value and services to consistently meet fair standards," she said. "Transparency, accountability, consistency: where ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... a dangerous precedent within our taxation system. The taxation of unrealised capital gains means people will be taxed on money they may never see," Tink said. "This is deeply problematic and must be addressed. The lack of indexation on the large balance ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... third-party payments are made on commercial terms, aimed at maximising value for members. "We don't waste members' money on sponsoring sporting teams or on TV advertising. We are a boots on the ground fund, that chooses to provide services to ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... super funds should consider using technology such as multi-factor authentication to reduce the risk that members might lost money from their super accounts through scams and other fraud. Gray said AFCA was aware of an instance where a person known to ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... increases the incentive for households to preserve buffers built up in offset and redraw facilities." Aird said the increase in money going into offset and redraw facilities was a positive dynamic for financial stability. "It means that many households ...

Editor's Choice

Ausfood Super appoints chief executive

ELIZABETH FRY
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.

Aussie shares cost 8% more on rebalance days: Dimensional

KARREN VERGARA
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.

Rest appoints first-ever chief of staff

ANDREW MCKEAN
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.

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