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Showing 161 - 170 of 6870 results for "Act2"

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
Australian Unity Funds Management (AUFM) admitted it breached design and distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe ...

Trump taps Kevin Warsh as new Fed chair

ELIZA BAVIN  |  MONDAY, 2 FEB 2026
US President Donald Trump has announced his nomination of Kevin Warsh to serve as the next chair of the US Federal Reserve (Fed), as current chair Jerome Powell's term is set to come to an end in May. The nomination comes at a time of contention between ...

Review launched into thin capitalisation reforms

ELIZA BAVIN  |  MONDAY, 2 FEB 2026
Treasurer Jim Chalmers, Minister for Financial Services Daniel Mulino and Assistant Minister for Productivity, Competition, Charities and Treasury Andrew Leigh have tasked the Board of Taxation to undertake an independent review of the government's ...

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
ASIC penalised 28 self-managed superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations. ASIC said its action relates to breaches of obligations and standards, including failures to comply with auditing ...

Super moves: ART, Allianz, HESTA, AusSuper

ELIZABETH FRY  |  THURSDAY, 29 JAN 2026
Australian Retirement Trust has appointed a 22-year Deutsche Bank veteran to lead its London office, strengthening the superannuation giant's presence in one of its key offshore investment hubs. Michael Weaver, ART's general manager of mid-risk ...

Hiring for risk, member services to take off

JAMIE WILLIAMSON  |  THURSDAY, 29 JAN 2026
Recruitment activity across the financial services sector is showing signs of recovery following a lull in 2025, with increased hiring in risk and member services expected. According to the 2026 Financial Services Market Outlook from Kaizen Recruitment ...

ASX names members of new advisory group

ELIZA BAVIN  |  THURSDAY, 29 JAN 2026
The ASX has appointed seven members to its newly formed Advisory Group on Corporate Governance (AGCG), chaired by Philip Lowe. The group will be filled with superannuation heavy hitters including AustralianSuper chief investment officer Mark Delaney ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
The Federal Court has handed BPS Financial $14 million in pecuniary penalties over the way in which it promoted and operated its crypto product Qoin Wallet. According to ASIC, BPS Financial advertised the product as a non-cash payment facility linked ...

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
The Financial Advice Association Australia (FAAA) is concerned the proposal to ban life insurers' use of genetic testing results will have an adverse impact on the cost of life insurance and premiums for all Australians. In a submission, the association ...

CareSuper makes sweeping insurance changes

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
CareSuper 'Category A' members will be hit with higher insurance costs come April 1. The $60 billion super fund said after three years of holding fees steady, a rise in claims have made increases necessary. "At CareSuper, everything we do is ...