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Showing 1131 - 1140 of 3208 results for "Scheme"

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... 91,000 HESTA members have withdrawn from their superannuation savings under the Federal Government's early release scheme - the sixth highest among all funds by amount. Just over half of these were aged 24 to 39 years. After the withdrawals, HESTA ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... fine, while two people have been barred from financial services for their involvement in the fraudulent binary options scheme. The judgement comes following findings made in February earlier this year, in relation to breaches of the Corporations Act. ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... to those joining the ADF from 1 July 2016, and serving and returning members of the Military Superannuation and Benefits Scheme who chose to join the new scheme. The measures to allow discharged ADF Super members to stay with the fund were initially ...

We cannot prevent the blow: PM

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
Prime Minister Scott Morrison said the government will not extend stimulus packages, saying they would dull the dynamism of the economy. Delivering a speech to the Committee for Economic Development of Australia (CEDA), Morrison said that despite wide ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... early release of super (ERS) requests it has received have been perfectly manageable. However, he acknowledged that the ERS scheme could set a precedent that may change super. "Do we think super will be a vehicle for access in the next downturn or after? ...

Australians look to rebuild super: AMP

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... this was down from the 24% in April. AMP technical strategy manager John Perri said the government's super early release scheme was still providing critical assistance to thousands of Australians but it was clear that others who had the capacity to make ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
Five people and six offshore entities have been charged over an alleged fraudulent scheme which sought to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... known as "spoofing." According to the SEC, Nielsen made approximately US $137,000 in six weeks through the pump and dump scheme. The regulator suspended trading in Arrayit following the suspicious trading activity on 13 April 2020. "We allege that Nielsen ...