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| | | The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ... |
| | | | ... of non-compliance and incompetence at the firm. Despite Hewish's ban being recorded on ASIC's banned and disqualified register, he and UGC, which was placed into voluntary administration last month, are appealing the regulator's decision at the Administrative ... |
| | | | The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ... |
| | | | ASIC's annual insolvency data shows more than 11,000 companies entered external administration for the first time last financial year. While the figure is higher than previous peaks in 2011-12 and 2012-13, ASIC clarified that there are more businesses ... |
| | | | ... arrangements. Treasury will consult on the regulations, which will cover notification thresholds, fees, and the ACCC's public register and associated transparency safeguards later this year. The draft also set out a review timeline in which it anticipates ... |
| | | | ... profession of about 8500 between 2015 and 2019. By 1 January 2019, advisers had to be registered on the Financial Adviser Register (FAR) if they wanted to avoid the transition period to upgrade their professionally accepted qualifications. "But when ... |
| | | | Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ... |
| | | | US-based investment manager Beaconsfield Capital has appointed McGrathNicol as receivers and managers to New Quantum Holdings, a non-trading holding company with operating subsidiaries including wealth management software platform New Quantum and options ... |
| | | | ... framework for charities, supporting the role of the Australian Charities and Not-for-profits Commission's (ACNC) charity register in providing further useful information for donors. "This report has been informed by consultation and submissions from ... |
| | | | ... Financial Services Licence (AFSL) in 2016 but has not held an AFSL since August 2019. According to the ASIC Financial Adviser Register, Abdalla was an authorised under Fortress Wealth Partners and My Money Co, both linked to AFSL Holdings Australia. ... |
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