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Showing 91 - 100 of 602 results for section

Please be aware of the nearest exit

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
As the conversation changes towards what the future will look like beyond COVID-19, the major topic at the forefront is what exit strategy lays ahead. Whether government, business or individual, the economic ramifications from the measures taken to ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... issue would necessarily be raised. If the latter, the question was merely one of the construction of the scope of that section," it said. QSuper also made an alternative argument that if AFCA was authorised to make the decision, the decision involved ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... of the size and structure of funds like AustralianSuper and Sunsuper, "because their membership reflects a broad cross-section of the economy, not a single industry". "It has always seemed logical in mergers for trustees to seek opportunities to merge ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic. deVere Group founder and chief executive Nigel Green said ...

Investment specialist joins sustainable fund manager

ALLY SELBY  |  TUESDAY, 24 MAR 2020
An asset consulting specialist has joined a sustainable infrastructure investment manager in a newly created role which will see her manage the firm's portfolio, investment strategy and products. Former Willis Towers Watson senior investment consultant ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
ASIC has commenced proceedings against Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... Merity was sentenced to a term of two years imprisonment, with a minimum of one year in custody in relation to contravening section 1308(2) of the Corporations Act 2001. In delivering Merity's sentence, Judge Blackmore was satisfied beyond reasonable ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... receive higher commissions than they would have by simply transferring the policies. The court today found AMP contravened section 961L of the Corporations Act six times, incurring a penalty of $5.175 million. The court said the penalty proceeding reflects ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... SignatureSuper, SignatureSuper Select, Simple Super, Super Directions for Business, Super Directions for Business Rollover Section, Super Leader, and Tailored Super. Investment fees on cash options entered into from February 1 - including AMP SignatureSuper ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... ASIC. It determined Westpac to be directly responsible for the breaches of the best interests obligations by Sinha under section 961K of the Act. Sinha advised clients to alter their existing superannuation and insurance arrangements for Westpac products ...