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Showing 1131 - 1140 of 6463 results for "regulatory"

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
ASIC has obtained an interim order from the Federal Court to restrict former Blockchain Global director Liang Guo, also known as Allan Guo, from leaving Australia. The corporate regulator is currently investigating Guo and two other Blockchain Global ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
The now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

US family office launches Australian arm

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... that as part of the fallout from the global financial crisis, international banks found themselves facing enormous regulatory hurdles which ultimately resulted in changed business models that became unable to meet the needs of ultra-high-net-worth families. ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... time," Schubert said. On average, death benefit payments are processed in just over one month. The roundtable explored "regulatory barriers" the government could remove to facilitate quicker processing and higher service standards. Proposals included ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... demonstrating their social responsibility and sustainability," she said. Conversely, will the banks be prepared for more regulatory scrutiny and higher compliance costs particularly if there is no additional revenue to buffer such additional time and ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... completes. Iress reported a $137 million loss in the first half of the 2024 financial year. It expects to gain $7 million in regulatory capital once the transaction finalises in April and will ultimately be used to retire debt. Iress chief executive ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear deficiencies" in the current regulatory framework necessitate another FSI, with the overwhelming influence of the superannuation system on the financial sector, economy ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
Former financial adviser Shivdeep Jaidka is under ASIC scrutiny; the corporate regulator has accepted a court-enforceable undertaking from him. After reviewing the financial services provided by Jaidka, ASIC found he failed to adhere to s961B and s961G ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... expenses (NALE) provision, Talyor said this is all part of "a broader attack on self-managed superannuation and the regulatory approach that favours one form of superannuation over another." "Whether you wish to preserve your lump sum or invest a portion ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... governance. It also said the quality of advice provided by advisers could improve and that it is considering a range of regulatory responses to its findings, including contacting licensees where advice provided has been identified as likely to cause ...