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Showing 1181 - 1190 of 4167 results for "Action"

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
ASIC has taken action to wind up PE Capital Funds Management and its managed investment schemes. The regulator is alleging that PE Capital operated unregistered managed investment schemes including the PE Capital Property Development Fund, PE Capital ...

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021. Federal treasurer Josh Frydenberg also announced last night that temporary full expensing has been extended until 30 June 2023. ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... not be known until individual cases have been reviewed and compensation offers made." Count Financial is facing a class action for commissions paid to its financial advisers from 21 August 2014 to 21 August 2020. The law firm Piper Alderman representing ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
Ahead of the federal budget tonight, there is already some good news for the superannuation sector and small businesses. Treasurer Josh Frydenberg has released details about a few initiatives that will be included in the budget. The government will ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... breaching the Corporations Act. NULIS itself copped $8 million of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn on behalf of 330,000 MasterKey members who accuse the trustee of breaching its duties by delaying ...

The other side of the ETP growth story

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 MAY 2021
... another side to the exponential growth exchange traded products have enjoyed; not every manager will be able to get in on the action, and legacy unit trusts will likely lose out. Rainmaker head of investment research John Dyall, speaking at the Financial ...

Managed funds coped with COVID-19: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... Chester said. "We will continue to monitor liquidity management by responsible entities and may take compliance or other action where we find misconduct."

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... the Life Insurance Framework. "The Life Insurance Framework came about because the industry could not commit to unified action when we were being told by the regulators and government we had to," Minto said. "We complain about the framework, but we caused ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
... BNY Mellon clients will now benefit from the investment giant's use of Financial Recovery Technologies' securities class action recovery services. The two firms have entered a strategic alliance which will see BNY Mellon use FRT's suite of class action ...