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Showing 1431 - 1440 of 6148 results for "Money"

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
... from the caller's official website. "If consumers are contacted by someone offering an investment and ways to make easy money, consumers should ask for more information about the company, and research whether the company is legitimate," ASIC said. In ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... believes is as a result of COVID-19. "Pretty much every scam we see now, the scammers are not only trying to get people's money but they're trying to get their personal details," Rickard said. And, while there have always been superannuation scams, Rickard ...

New 'cash plus' style sovereign bond fund

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... drawdowns faced by credit-heavy 'cash plus' funds. The fund was incepted in December 2019 but is now starting to attract adviser money totaling $24 million currently. It has returned 3.97% since then after fee. Three month returns at July end stood at ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... founder and managing director James Mawhinney's efforts to raise funds through Australian Property Bonds were designed so money from that product could be used to make relevant payments to investors in different products. In the court documents, an Oxford ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... for honest taxpayers. "Tax crime is not victimless. This arrangement was set up to deliberately evade paying tax, which is money that could have otherwise been used to fund vital public services that the community relies upon. The investigation resulted ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
Two advice industry stalwarts have launched a new dealer group promising to save advisers time and money. Finchley & Kent opened for business on July 1 after four years of development by co-founders Sam El Shammaa and Phil Alexander. While they acknowledge ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... Australians Taxation Office (ATO) does not require any documentation to prove income loss during the application process. "The money was spent quickly: almost half of the total money withdrawn was spent on purchases in the first fortnight," it said. ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... to be sub-divided into residential blocks and then transferred to each investor per $200,000 contribution. ASIC said the money paid to Askk was pooled and used to pay part of the purchase price of the land. "ASIC understands that most of the investors' ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity for various purposes including repaying other investors. The administrators found evidence ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... we would all need to look at our asset mix and switch it up for shorter-term investments," Doyle said. "If you park your money in cash, and now that the scheme has been extended, you are basically earning 0% through until December." Doyle added that ...