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Showing 1841 - 1850 of 4928 results for "MIS"

ASIC releases weekly regulatory tracker

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
ASIC has launched a new weekly regulatory tracker to assist users during the COVID-19 pandemic. The tracker lists and includes links to all new and updated regulatory guides, information sheets, reports and consultation papers issued by ASIC and published ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
'Annus Horribilis' made the headlines in 1992 when Queen Elizabeth used this Latin phrase - which translates to 'horrible year' - in her speech at Guildhall to mark the 40th year anniversary accession. Her royal majesty was, of course ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
In the first case of its kind in Australia, an AFSL is facing criminal prosecution for mishandling client monies, and has pleaded guilty. Pershing Securities Australia Pty Ltd (PSAL) pleaded guilty at the Downing Centre Local Court in Sydney to mishandling ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
A superannuation startup is pushing ahead with a retail raise to be followed by an institutional one next month. GigSuper is aiming to raise $100,000 to $400,000 from retail investors, in a crowdfunded equity campaign launched yesterday. The fund is ...

Super switching three times higher: CFS

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
New data from Colonial First State (CFS) found switches by super members were three times the usual rate in March as Australians moved their super to cash in the midst of the COVID-19 pandemic. The data found 39% of those that switched their super moved ...

Mortgage Choice Financial Planning rebrands

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Mortgage Choice has announced the rebranding of its financial advice division from Mortgage Choice Financial Planning to FinChoice. Mortgage Choice chief executive Susan Mitchell said the decision came after a strategic review of the company's brand ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
Embattled Mayfair 101 is pushing ahead with its plans to develop a tourism attraction at Dunk Island and a luxury hotel and apartment building in Venice, Italy despite COVID-19 throttling the tourism industry. Despite action from ASIC limiting its promotion ...

Former AFSL director banned

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
ASIC has cancelled the AFSL of Olive Financial Markets following concerns that it had not complied with its obligations as an AFS licensee and that it was likely to contravene its obligations in the future. Olive Financial applied to the Australian ...