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Showing 181 - 190 of 4153 results for "Action"

ASIC bans another former Lighthouse Partners director

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
... $81,652 in fees, plus interest. Initially offering to review the ongoing service to clients, Archibald was warned this action was insufficient and so proceeded to issue fee disclosure statements which indicated FFNS conduct had occurred. The 10-year ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... simplification process. "Our experience is that simpler regulation enhances both compliance and our ability to take enforcement action. It's good for consumers, investors and businesses," Longo said. "At last year's ASIC Annual Forum, I announced the ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
Too many auditors are failing the independence test and breaching conflicts of interest obligations, according to an ASIC investigation. A review of 15 audit firms saw nine did not meet rotation requirements while five of them had "relevant relationships" ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
... assets. APRA identified numerous weak practices among trustees in relation to onboarding, ongoing monitoring, and remedial action and member transfers. It found that for many on-boarding is a compliance-driven process that operates in isolation, without ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... about $321 million of the super savings invested in Shield. Minister for financial services Daniel Mulino said Macquarie's action will enable affected customers to access savings without lengthy and costly court proceedings. However, he also acknowledged ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... "The boards and management are aligned in ensuring future assessments show continuous improvement and not simply remedial action. Our focus remains on achieving meaningful progress while safeguarding the critical market infrastructure that underpins ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... efforts of ASIC to negotiate this outcome and appreciate that it will place pressure on the other super funds to take similar action. "This intervention will help to restore confidence in the Australian super system and financial services more broadly." ...

More than 75% of asset owners wary of trade disputes

ANGELIQUE MINAS  |  WEDNESDAY, 24 SEP 2025
... collective US$34 billion assets under management. Findings indicated an upswing in Australian asset owners prioritising climate action when developing investment strategies. The survey provides key insights to a global shift in behaviour among asset ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... from engaging in financial services without an Australian financial services licence (AFSL). This comes after ASIC brought action against Hodgson and Paladin Group companies MacroLend and Great Southland, of which Hodgson is the sole director. The court ...

Diversa winds up struggling super fund

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
... of Personal Choice Private to a larger fund. However, the trustee considers the high administration costs in taking this action prohibitive and not in member best financial interests," Diversa said. The fund's decline was swift - in FY22 it had more ...