Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1351 - 1360 of 6175 results for "Statement"

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... deposits this year. In 2018, the regulator asked super fund Spaceship and trustee Tidswell to pay $12,600 each and remove a statement from the fund's website claiming its GrowthX option "measure companies". In reality 79% of the fund was tracking an ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... undeniable case for increasing the SG, as workers of all income levels are better off overall," Dean said. In a separate statement, Dean said that as he has previously publicly stated, "experts have a range of positions on the super guarantee rise and ...

Perth Mint to review audit processes

KANIKA SOOD  |  MONDAY, 15 JUN 2020
... Review. The paper also alleged Perth Mint's auditor has never conducted an independent review of its suppliers. In a statement, Perth Mint chief executive Richard Hayes said the organisation "adheres to the highest ethical standards and is committed ...

Schroders deputy multi-asset head to retire

KANIKA SOOD  |  MONDAY, 15 JUN 2020
... like to thank Simon for his outstanding contribution and wish him all the best for his retirement," Schroders said in a statement. The multi-asset team will continue to be led by Simon Doyle who is also the lead portfolio manager across all funds. Angus ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... its first recession in 29 years. The calls come after ASIC released for consultation its Cost Recovery Implementation Statement 2019-20 (CRIS), which was prepared based on its planned regulatory work and budgeted allocation of costs at the beginning ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... different. The ATO said the payments will be included as salary and wages and/or allowances, in their regular income statement, which their employer should provide directly to the ATO. Sole traders who have received the JobKeeper payment on behalf of ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... international evidence on yield curve control. Stephen Miller, investment strategy consultant at GSFM, said the Fed's statement assuages any nascent fears that rising long-term bond yields may at some stage lead to a 'tipping point' for the prices of ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... legally supposed to be serving? We're supposed to be serving maximum employment and stable prices," Powell said. This statement underwrites continued gains in the US equity market as it maintains TINA (there is no alternative) and warns against that ...