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Showing 91 - 100 of 838 results for "Settlement"

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... and about 17% were settled between two weeks to two months during the period. However, when it comes to TPD claims settlement, insurers are taking considerably longer. Merely 14% are processed within two weeks, with 23% taking more than six months to ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... capability review for CHESS, after an outage occurred in late December 2024 which saw a "technical issue" on the CHESS Batch Settlement that disrupted and delayed several days' trade settlements. This outage was the final straw in several delays ...

AOF asset settlement delayed, on track for June delisting

KARREN VERGARA  |  TUESDAY, 22 APR 2025
The Australian Unity Office Fund (AOF) has delayed the settlement of its Brisbane asset to August but insists that it is on track to shutter its doors before June. The settlement of 150 Charlotte Street, Brisbane was originally set to settle in late ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... expressed their deep concerns about the potential for operational incidents, referring specifically to the CHESS batch settlement failure. "The RBA and ASIC are increasingly concerned and deeply disappointed over the management of operational risk at ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... transaction" for the company and will be its largest primary OTC bond transaction once completed as sole lead manager. Settlement will take place on March 18. IAM is also seeking to partner with major global institutions for a new loan transaction under ...

Treasury responds to CHESS replacement inquiry

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... following the Parliamentary Joint Committee on Corporations and Financial Services report, Competition in clearing and settlement and the ASX CHESS Replacement Project: The CHESS Replacement Project is too important to fail, which examined ASIC, the ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... third-party access. The rules mark the first time ASIC exercises its new powers under the Competition in Clearing and Settlement (CiCS) services reforms passed in September 2023 and enlivened by the minister in May 2024.In 2023, Treasury said the new ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... and losses don't exceed $500. It doesn't, however, extend to breaches of client money rules or clearing and settlement regulations. The Financial Services Council (FSC), which is urging both sides of parliament to adopt a deregulation agenda ...

Oaktree offers Star $650m lifeline

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... completion of due diligence in relation to specified matters, that the existing syndicated loan facility lenders enter a settlement and/or a refinancing agreement on terms satisfactory to Oaktree, and the execution of long-form financing documentation ...