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Showing 91 - 100 of 3447 results for "law"

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... the tenth occasion that Maurice Blackburn had reached a class action settlement greater than $100 million, being the only law firm in Australia to do so. In reaching the settlement, AMP made no admission of liability. The class action, which combined ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
The ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...

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 ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... that permits a trustee to pay a fee for personal advice where the member requests the trustee to pay from their account. The law also wants to remove the exception to conflicted remuneration rules when issuing financial products where advice has not ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... the ability for private litigants to seek legal redress on these critical financial disclosures is an affront to the rule of law and may lead to significant prudential and market integrity issues." FS Sustainabilit y reached out to Treasury for clarification ...

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
The Future Fund holds stakes in over 50 Chinese companies with links to human rights abuses and national security threats, associated with the People's Liberation Army, involved in the oppression of Uyghurs in Xinjiang, and invested in sanctioned ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
Financial advisers who are both a relevant provider and a registered tax agent now satisfy the definition of a "qualified tax relevant provider" without having to undertake specific courses, according to ASIC. The corporate regulator said it made a ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
The Australian Financial Complaints Authority is seeking feedback on how it should determine compensation that involves financial advice and managed investment schemes (MIS). This includes how AFCA should determine compensation for investors affected ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... penalty proceedings in the Federal Court, alleging that it failed to respond to hardship notices within 21 days as required by law. The bank has $547 billion in home and $218 billion in business loans on its books. "While more customers are calling us ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... superannuation funds failed their jobs to detect fraudulent activities. Twenty-four victims, together with the help of Melbourne-based law firm Mackay Chapman, are suing the SMSF auditors who allegedly failed to pick up that the assets Caddick invested ...