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Showing 111 - 120 of 695 results for "Financial products"

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... date, advisers otherwise known as relevant providers who provide personal advice to retail clients on relevant financial products must be registered with ASIC. This excludes time-share advisers as well as provisional relevant providers. In preparation ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... industry veteran Mark Stubbings. Commenting on the matter, ASIC deputy chair Sarah Court said firms dealing in financial products have a legal obligation to be licensed. "The licencing regime requires financial services businesses to meet important disclosure ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... regulator also said that Atkins wasn't a fit and proper person to provide financial services due to him dealing in financial products without authorisation from Guildfords, making misleading and deceptive representations to investors about their investments ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... difficulty and registered more than 17,000 COVID-related complaints, helping to resolve disputes involving financial products such as travel insurance and superannuation. AFCA acknowledged that it's been one of the most challenging environments for ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... from their account. The law also wants to remove the exception to conflicted remuneration rules when issuing financial products where advice has not been provided in the previous 12 months and the exception to conflicted remuneration rules for agents ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... Levy-Regulatory Costs) Instrument 2023/777, ASIC budgeted for licensees that provide personal advice on relevant financial products to retail clients to pay $47,593,147 in total. Licensees that provide personal advice to only wholesale clients will pay ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... registered tax agent on 20 September 2023 can provide tax (financial) advice services to retail clients on relevant financial products. A qualified tax relevant provider is defined as a relevant provider who is a registered tax agent and/or meets the ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... Muslims the opportunity to increase their wealth in alignment with their faith, through access to "world-class" financial products. "The Hejaz Sukuk Active ETF (Managed Fund) fills a substantial gap in the market by enabling Muslims and non-Muslims to ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... involvement in misleading, false, or deceptive statements that persuaded individuals to purchase or invest in financial products. Additionally, he made misleading representations to potential investors while serving as a director. Sutton was also involved ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... as well as introducing a product modernisation reform to facilitate investors being transferred from legacy financial products (of a broad range of types into another product). "Australia has the right investment infrastructure, through the recent CCIV ...