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Showing 111 - 120 of 1144 results for "Notice"

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
Group insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 ...

Equity Trustees rapped over the knuckles by ASIC

JAMIE WILLIAMSON  |  THURSDAY, 19 JUN 2025
Equity Trustees was fined nearly $60,000 by the regulator for making misleading statements about the holdings of a sustainable bond fund. Equity Trustees agreed to pay three infringement notices totalling $56,340 over allegations it made misleading ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
Eighteen finfluencers have received warnings from ASIC for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... between 5-8% is appropriate. It recommended aligning the distribution rate for PGFs and PuGFS and providing five years' notice before any new distribution rate applies. Labor said it broadly agrees with the Productivity Commission's principles and suggested ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
ASIC and APRA commenced a joint review in 2022 over concerns that life insurance premium increases might not have aligned with policy terms or met policyholder expectations set by disclosure and marketing materials, though has since noted progress. ...

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... provided via the Super Savings Product Dashboard on the fund's website. As a result, the fund was handed an infringement notice to the tune of $18,780. ART paid the infringement notice, however doing so is not an admission of guilt. "ASIC issued ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
The Australian Securities and Investments Commission (ASIC) has filed legal proceedings against Resimac, which manages non-bank loans provided by Perpetual Trustees, for failing to provide appropriate care in responding to hardship applications. Resimac ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... an awareness of, and ready access to, the applicable policy terms and conditions," ASIC said. Payment of an infringement notice is, however, not an admission of liability. Zurich has been contacted for a statement. The fine comes after the Federal Court's ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
AUSTRAC has hit crypto exchange Cointree with a $75,120 infringement notice over alleged failures to submit suspicious matter reports (SMRs) to AUSTRAC on time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes ...

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... appointed by some Dexus Bloc shareholders to conduct a sale process for their stakes. The APAC board has since issued a notice alleging that Dexus used a confidentiality deed poll and disclosed confidential information in the Dexus Bloc sale process. ...