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Showing 1411 - 1420 of 18761 results for "Act"

SMSFs outperform APRA funds over five years: Research

MATTHEW WAI  |  WEDNESDAY, 12 FEB 2025
... others," Mihaylov added. "While this home bias generally leads to sub-optimal levels of investment diversification, it can also act to dampen earnings and returns during periods where the domestic stock market underperforms international markets - precisely ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... 9). The FSCP consequently imposed a registration prohibition order under s921(K)(1)(d) and s921L(1)(c) of the Corporations Act 2001. Meilak's registration prohibition as a relevant provider was effective from February 10 until after 10 February 2027. ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... refuse life cover or offer it on less favourable terms, provided they do so in compliance with the Disability Discrimination Act (DDA). They can also still ask about diagnoses that resulted from a genetic test and will be able to access test results ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... access fundamental education and training about the use of this technology." One recommendation is to amend the Fair Work Act to ensure decision making using AI and ADM is covered under the law so that employers remain liable for these decisions. Another ...

EQT awarded two new mandates

ELIZA BAVIN  |  TUESDAY, 11 FEB 2025
Equity Trustees (EQT) has been awarded two fresh mandates to act as responsible entity for both Realm Investment House and MA Financial. MA Financial Group partnered with EQT as the responsible entity and custodian for its newly launched MA Credit Income ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... pace." APRA, however, announced today that it is exploring possible breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by Cbus, with the investigation focused on expenditure management practices. APRA deputy chair Margaret Cole ...

MLC Life names chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 10 FEB 2025
Melissa Ammon is taking over as MLC Life Insurance's chief risk officer on a permanent basis. Ammon has been acting in the role since September 2024 when Jane McGovern was appointed chief customer and strategy officer. She first joined MLC Life in 2024 ...

Trump tariffs to hit Australia

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
US President Donald Trump is set to announce 25% tariffs on all steel and aluminium imports, which will apply to all countries, including Australia. AMP chief economist Shane Oliver told Financial Standard that while Australia exports about $808 million ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
Most retirees who rent live in poverty, including more than three in four single women, and this problem is set to get worse, according to a Grattan Institute report. While the Age Pension provides an adequate, albeit modest income in retirement for ...

Convicted adviser banned over $2m theft

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... activities. King maintains the right to appeal to the Administrative Review Tribunal for a review. Under the Corporations Act and National Consumer Credit Protection Act, ASIC may permanently ban a person from providing financial services and engaging ...