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Showing 121 - 130 of 3226 results for "Scheme"

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... misconduct continues to be a key enforcement priority for ASIC." Notably, BDO is also the auditor of the collapsed investment scheme Shield Master Fund, which confirmed that Keystone Asset Management, the responsible entity of Shield, had complied with ...

Pump and dump conspirators sentenced

MATTHEW WAI  |  TUESDAY, 23 DEC 2025
The four people who conspired in a pump and dump scheme were delivered their sentences at the Sydney District Court, ASIC said. Larisa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusef have been sentenced to between 14 months and two years' imprisonment ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
The Australian Financial Complaints Authority (AFCA) has released details of its lead decision approach for Shield Master Fund and First Guardian Master Fund complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... representative of MWL facing repercussions for recommending their clients to invest in the collapsed superannuation investment scheme, Shield Master Fund. While authorised by MWL, Van Coppenhagen provided "inappropriate" advice by recommending his clients ...

Treasury seeks feedback on major super tax reform

KARREN VERGARA  |  FRIDAY, 19 DEC 2025
Treasury is seeking industry feedback on the proposed reforms that aim to reduce tax concessions under Division 296 "enjoyed by individuals with large superannuation balances." The proposed changes centre on applying a 30% tax rate on earnings from ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... review, levy hits $70m As new estimates showed financial advisers would have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for FY26 - breaching the $20 million cap - Treasury offered some hope in finally calling for a ...

Increases coming for veterans' superannuation

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The government is increasing payments related to the Defence Force Superannuation Benefits program, Treasurer Jim Chalmers confirmed in the mid-year economic and fiscal outlook (MYEFO). Treasury said payments related to the Defence Force Superannuation ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... response, the Super Members Council (SMC) urged the government to rethink its decision to push the bill for Compensation Scheme of Last Resort (CSLR) costs onto Australians with super, saying it would be unfair considering super tax receipts are expected ...

Chalmers flags pension, super spending in Budget update

ELIZA BAVIN  |  TUESDAY, 16 DEC 2025
Ahead of Treasurer Jim Chalmers and Financial Minister Katy Gallagher handing down the Budget update tomorrow, Chalmers has flagged some expected changes. Chalmers said the Budget update will be about "delivery, responsibility and restraint". "We will ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
The professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly ...