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Showing 121 - 130 of 3458 results for "law"

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
The banking giant will likely face a hefty fine after the Federal Court found it breached continuous disclosure laws in 2015. The Court found that ANZ contravened continuous disclosure laws by failing to tell the market that underwriters had filled ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
The government plans to mandate that crypto exchanges adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that ...

Investors warned on human rights risk in Israel-Hamas conflict

RACHEL ALEMBAKIS  |  FRIDAY, 13 OCT 2023
... Occupied Palestinian Territory (OPT) raises investor concerns over business responsibility under international humanitarian law (IHL). Investors are increasingly interested in understanding their risks as well as human rights and legal responsibilities ...

Escala loses bid to restrain former executives

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
Escala Partners failed in its bid to restrain two former senior executives who moved to LGT Crestone Wealth Management from working in financial services and soliciting clients. The Supreme Court of Victoria rejected Escala's application for interlocutory ...

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
The Irish government will establish the Future Ireland Fund to help meet costs of the future, including those posed by its ageing population, and is targeting €100 billion by the mid-2030s. Announced as part of the country's 2024 budget package, finance ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Disgruntled AMP shareholders are set to receive $84 million out of the $110 million class action settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
The National Farmer's Federation (NFF) has voiced strong opposition to the government's draft reforms on tax concessions for superannuation balances over $3 million, signalling potential ramifications for rural communities. The NFF said that ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... personal bank account or Assurance Corp's business account, and not into an IAA client monies account as was required by law. Further, the regulator said Durant failed to pay the funds received into his personal bank account or Assurance Corp's ...

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation balances of $3 million, the concessional tax rate of 30% will apply. Those ...