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Showing 91 - 100 of 6167 results for "Statement"

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
Following a consultation process that was launched in June, ASIC has outlined its approach to the regulation of employee redundancy funds under the Corporations Act 2001 (Corporations Act), once the current relief expires on 1 April 2026. Operators ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
ASIC has imposed additional licence conditions on Learn to Trade (LTT) after it failed to comply with financial services laws over delayed lodgement, commanding it to appoint a consultant to review the business. LTT was granted an AFSL in January 2010 ...

TelstraSuper members caught off guard by Direct Access closure

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
... serves as a "reminder of the risks of direct investments in funds that don't support in specie transfers". In a statement to Financial Standard, TelstraSuper said: "As a profit to member super fund, we always put our members first. This decision ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... This involves looking into the fund's compliance with the target market determination (TMD) and product disclosure statement, and whether it has breached the law in relation to its investments. Abernethy said it has "been clear for some time that ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... the news article, Sequoia said at 9.49am an email was sent to Crole from its public relations company FCR requesting a statement for the AFR in relation to the ASIC lawsuit against InterPrac. Crole approved a statement for the article at 9.56am. In July ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
Directors of Sheffield Insurance Pty Ltd (trading by the name of Sheffield Insurance Services), Phillip Bird and Daniel Holmes, have been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ...

Iress dismisses takeover talks

ELIZA BAVIN  |  TUESDAY, 25 NOV 2025
Iress has denied reports published in The Australian about a potential takeover, saying there is "no basis" to confirm reports on potential price or exclusivity terms. "Iress continues to engage with multiple parties in order to ascertain whether there ...

Advisers want to boost client book by 36%: CFS

KARREN VERGARA  |  MONDAY, 24 NOV 2025
While financial advisers have marginally increased the number of clients on their books to 112 on average, they aspire to serve 36% more, a new Colonial First State (CFS) survey finds. Advisers on average have increased the number of clients served ...

IMF tells Chalmers to curb spending

ELIZA BAVIN  |  FRIDAY, 21 NOV 2025
... way to build on all the progress we've made is to make our economy more resilient and more productive," he said. "The statement acknowledges the government's ambitious agenda across productivity, dynamism and competition. "The authorities are implementing ...

Why risk advice is on the verge of collapse: Experts

MATTHEW WAI  |  WEDNESDAY, 19 NOV 2025
The challenges around risk advice have forced many advisers to abandon the sector. With greater complexity and a dwindling number of specialists, experts fear the risk market may cease to exist, the FAAA Congress 2025 has heard. There are currently ...