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Showing 131 - 140 of 7491 results for "System"

ASIC moves to preserve derivatives and securities relief framework

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
... obligations for certain exchange-traded derivatives, the recognition for securities transferred through New Zealand's settlement system, transfer arrangements for foreign companies quoted on the ASX, and disclosure requirements relating to securities ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... that while some scam controls were implemented, critical safeguards were not applied to the bank's internal payment system, where the majority of customer losses occurred. ASIC chair Sarah Court commented: "Banks have been well on notice about the ...

ATO reveals highest paid jobs, postcodes

VINNY VUCAGO  |  FRIDAY, 19 JUN 2026
... billion, or just over half of total collections. Australians' wealth also continued to build through the superannuation system. The average superannuation account balance increased from $173,000 in 2022-23 to $183,000 in 2023-24. Meanwhile, net capital ...

Super balances rise but gender retirement gap remains stubborn

VINNY VUCAGO  |  FRIDAY, 19 JUN 2026
... increased 5.5% overall during the year, reflecting the continued strength of Australia's compulsory retirement savings system. However, the figures also reveal that women aged 60-64 continue to retire with substantially less super than men, prompting ...

APRA embeds geopolitical risks management ground rules

KARREN VERGARA  |  THURSDAY, 18 JUN 2026
... letter to super funds and insurers, APRA defined geopolitical risks as "the potential for adverse impacts on the financial system from international tension, including trade restrictions, sanctions, grey-zone activities and conflicts." But unlike previous ...

Regulators push for stronger stress-testing capability, resilience

KARREN VERGARA  |  TUESDAY, 16 JUN 2026
... and ASIC want superannuation funds to improve. Recent roundtables hosted by APRA and ASIC heard the importance of how its System Risk Stress Tests (SRST) should be designed and the implications these will have on super funds and the broader financial ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ...

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... early as 21 December 2021. According to ASX's announcement in February 2022, the Clearing House Electronic Subregister System (CHESS) replacement project was "progressing well" to go live on the scheduled date of April 2023. However, a month later the ...

Product showcase: Reframing financial advice

THE FINANCIAL STANDARD TEAM  |  MONDAY, 15 JUN 2026
... individual's intentions are honoured. From wealth accumulation to wealth transfer, fresh uncertainty around the tax system increases the likelihood of unadvised Australians making sub-optimal decisions about their savings and estate plans simply ...

Former ASFA COO joins housing fund manager

MATTHEW WAI  |  FRIDAY, 12 JUN 2026
... Australians to attain home ownership while also increasing affordable rental supply," Buskens explained. "Australia needs new system architecture in housing. C1 is one of the few platforms showing how it can be built and I'm energised to help accelerate ...