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Showing 121 - 130 of 502 results for "CIV"

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
The glamorous financial adviser wife of an ex-NRL player has been ordered to pay ASIC's legal costs and comply with its enforceable undertaking. Jenan Thorne - wife of former Canterbury Bulldogs player Robin Thorne - was prevented from providing financial ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
ASIC has outlined its ongoing body of work in the superannuation space, confirming it has compiled two briefs of evidence in support of criminal charges with the Commonwealth Director of Public Prosecutions and is undertaking more than 20 enforcement ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
Westpac's group general counsel & enterprise executive has stepped down and will move to a part-time advisory role. Rebecca Lim has been with the bank for 20 years and in her current role for a decade. She will continue in the role until a replacement ...

LGS names deputy chair, director

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
The mayor of Penrith has taken on the role of deputy chair of the $12 billion Local Government Super, following the resignation of Bruce Miller. Miller was first appointed to the board in July 2011 and was a member of the governance, remuneration and ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

Government fund names new chief executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
A $2.3 billion government fund has announced that its chief executive of 13 years is departing, with a replacement from a merging industry fund stepping into the role. Michelle Wade has resigned from AvSuper after 13 years leading the fund. She will ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
ASIC is encouraging people to dob in others who worked with them on market manipulation, insider trading or dishonest conduct in financial services - in exchange for immunity. ASIC says it can offer such individuals immunity from civil proceedings ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...