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Showing 1111 - 1120 of 9006 results for "Regulator"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... from their superannuation trustees," Court said. This was the first case that ASIC has brought in its capacity as a co-regulator with APRA alleging contraventions of section 52 of the Superannuation Industry (Supervision) Act 1993 (Cth). ASIC is currently ...

Apex names country head and COO

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Apex Group has expanded its Australian leadership team with two key appointments following its agreement to buy Iress's superannuation business. Nick Bradford has been named country head for Australia with Chris Stevens taking on the role of chief ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant repeating the regulator cannot comment on ongoing investigations and/or proceedings. The exchange came to a head when Bragg suggested the regulator ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... such concerns. They were initially handed down in August 2024 but were on hold while BUSSQ challenged the move. The regulator said super fund trustees must act in the best financial interests of members and have robust processes to assess the fitness ...

Betashares launches Bitcoin, Ethereum ETFs

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
Betashares has rolled out Bitcoin and Ethereum ETFs on the ASX today, saying the launches are part of a "global turning point" in the crypto investment landscape. The new funds - Betashares Bitcoin ETF (ASX: QBTC) and the Betashares Ethereum ETF (ASX ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
Former Melbourne financial adviser Bradley Grimm will continue to serve his sentence after failing to have his dishonesty conviction and prison term overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... reduce the reporting burden on industry while still ensuring that ASIC receives reports of high regulatory value," the regulator said. The relief would apply to breaches fixed within 30 days - including any required mediation - where no more than five ...

Macquarie AM expands $300m active ETF platform

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Macquarie Asset Management (MAM) has launched two actively managed fixed income ETFs, bringing its total offerings to seven - four in fixed income and three in equity - with over $300 million assets under management. The Macquarie Global Yield Maximiser ...

Oaktree offers Star $650m lifeline

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
Oaktree Capital has offered Star Entertainment a debt financing proposal to provide $650 million in two debt facilities with a term of five years. The proposal is subject to numerus conditions, including a comprehensive security package and intercreditor ...

Foreign investors banned from buying homes

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
The Albanese government has announced it will ban foreign investors from buying established homes for at least two years and crack down on foreign land banking. Treasurer Jim Chalmers said the move is aimed at easing pressure on the Australian housing ...