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Showing 1211 - 1220 of 6146 results for "Money"

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... said that while it holds its own concerns over the proposed reforms, the idea that retail super funds are taking members money as profit is not accurate. "Whilst the FSC has concerns about some design elements of the Your Future, Your Super reforms ...

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... over the effectiveness of ASIC, AUSTRAC and other government agencies such as the Australian Border Force in combating anti-money laundering (AML) activities given so many incidents slip through the cracks. She pointed to the $500 million cocaine drug ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... increasing," they said. "If we don't subscribe to the reporting service, we will see one line in the registry saying the money came via HUB24 but we won't be able to see who the underlying investor is. It certainly doesn't stop you from doing ...

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... including the use of high-pressure sales tactics, for example, by offering incentives to encourage clients to transfer more money to Forex. ASIC noted Yoshai's 10-year ban was a result of his serious lack of understanding and regard for compliance given ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... that it failed to comply with certain financial services laws. Among those breaches include failing to comply with client money reporting rules, lodge financial statements on time, abide to ASIC derivative transaction rules and lodge product disclosure ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... chair Greg Combet, Turnbull said whilst he has the upmost respect for his Liberal party colleagues, the suggestion to pull money from super to enter the housing market is ridiculous. "The proposition that super contributions should either not be increased ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... CFS's defence that "there was no influence of the type spoken of in the definition of conflicted remuneration... sums of money were relatively small, payments would or would probably have occurred by way of dividends if there was not an agreement" ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... Westpac. APRA launched the investigation into Westpac last year following allegations by AUSTRAC that Westpac had breached anti-money laundering and counter-terrorism laws. APRA's investigation examined the bank's actions to rectify and remediate the ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... letter to ASIC signed by 28 Mayfair noteholders, the group said that prior to ASIC's intervention not one investor had lost money. "Your action against Mayfair 101 has stripped noteholders of their power to choose who manages their money and where it ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... exposed misconduct by banks and some financial advisors. Now thanks to its findings, they can help consumers claim back their money," Remediator co-founder Claudia Virgona said. "Unfortunately, many consumers don't even know if they're eligible ...