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Showing 111 - 120 of 2770 results for "OCC"

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have. The regulator said Rest made false or misleading representations in ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
The Federal Court has disqualified Queensland-based director David Hodgson from managing corporations for five years and permanently restrained him from engaging in financial services without an Australian financial services licence (AFSL). This comes ...

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
ASIC has released the interim report from its review into the nation's $200 billion private credit market, which it says could pose a systemic risk to many investors if a downturn were to occur. The review has so far found that while most investors ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
While financial services organisations may be comfortable with taking risks, certainly when it comes to investing, there are other types of risks they're not so familiar with. It may be 2025, but we continue to consistently see examples of organisations ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
ASX chief executive Helen Lofthouse is being sued by the former ASX head of trading technology Jamie Halstead, accusing Lofthouse of bullying. Halstead has also alleged the ASX failed to provide adequate resources for major projects, including the embattled ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Mayfair 101 Group director James Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his ...

Allow couples tax-free super splitting: Hume

JAMIE WILLIAMSON  |  FRIDAY, 5 SEP 2025
A bill that would allow couples to split their collective superannuation balances evenly between them to improve the gender super gap was tabled in Parliament yesterday. The Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025 ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
InterPrac Financial Planning wants to rid itself of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac ...

RBA 'alert' to impact of tech on the economy: Bullock

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
Reserve Bank of Australia (RBA) governor Michele Bullock has said the future of central banking will be shaped by how the RBA chooses to engage with new technologies in a meaningful way, while speaking at an event in Perth. "At the RBA, we are actively ...