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Showing 151 - 160 of 6915 results for "Act 1993"

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
The Financial Services and Credit Panel (FSCP) issued a reprimand to a financial adviser who recommended a client roll their super over to another product, costing them their insurance coverage. The financial adviser was reprimanded this month, after ...

Soul Patts profit up, returns 9.7%

MATTHEW WAI  |  THURSDAY, 26 MAR 2026
Washington H. Soul Pattinson (Soul Patts), the ASX-listed investment house, has seen its profit increase by more than 600% in the six months to 31 January 2026. Group statutory net profit after tax (NPAT) increased 604.3% to $2.3 billion in the period ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
The government has tabled the Treasury Laws Amendment (The Survivors Law) Bill 2026 in the House of Representatives today which seeks to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid paying compensation to ...

Prime Super closes two options

KARREN VERGARA  |  WEDNESDAY, 25 MAR 2026
Prime Super is closing two options following a recent review of its asset allocations. The Fixed Interest option will close from May 15. Members invested in the option will be able to switch out of it until May 22. Any members still invested in the ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... Diversa Trustees and Equity Trustees have all announced they will tap Part 23 of the Superannuation Industry Supervision Act (SIS Act) to make their members whole, arguing the two MISs were fraudulent and they therefore do not consider themselves responsible ...

Managed accounts increase confidence amid volatility: Research

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
Over 40% of advisers agree clients in managed accounts are more confident and are less likely to act impulsively during market volatility compared with those not in managed accounts. Investment Trends' latest Managed Accounts Report, supported by State ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
Sequoia Financial Group has offloaded InterPrac Financial Planning for $50,000 to Conquest Investment Partners. Sequoia said the "increasing platform withdrawals for new business for remaining advisers, despite their not being involved whatsoever with ...

Chalmers looks to shore up fuel supply as Iran war continues

ELIZA BAVIN  |  MONDAY, 23 MAR 2026
The conflict in Iran is continuing to escalate after US President Donald Trump issued a 48-hour deadline to the Iranian government to open the Strait of Hormuz, threatening to destroy Iran's energy infrastructure if it doesn't comply. The deadline ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

Senate report provides fuel for CGT discount tweak

JAMIE WILLIAMSON  |  THURSDAY, 19 MAR 2026
A Senate inquiry into the operation of the capital gains tax discount concluded the concession does skew ownership away from owner-occupiers and impacts wealth and intergenerational inequality. The Select Committee on the Operation of the Capital Gains ...