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Showing 181 - 190 of 3899 results for "Law"

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... First Guardian, Shield Master Fund, and Australian Fiduciary," O'Halloran said. "There's a silly carve out in the anti-hawking law, which allow financial services to be sold, but not financial products. Our recommendations are just ensuring consistency ...

Only half of advice practices report positive earnings: Investment Trends

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
The latest findings from Investment Trends reveal that only half of financial advice practices report positive momentum when it comes to profitability. The 2025 Adviser Business Model Report shows that profitability in the sector continues to improve ...

CEDA calls for 'seamless economy' reforms as Roundtable begins

ELIZA BAVIN  |  WEDNESDAY, 20 AUG 2025
... delivered an estimated $6 billion in annual benefits to the economy. The Productivity Commission estimates the Australian Consumer Law alone benefits the economy by $880 million a year. "Frictions that prevent firms from operating across Australia restrict ...

Unemployment falls, more women enter the workforce

ELIZA BAVIN  |  FRIDAY, 15 AUG 2025
The seasonally adjusted unemployment rate fell to 4.2% in July, according to data from the Australian Bureau of Statistics (ABS). "With employment rising by 25,000 people and the number of unemployed decreasing by 10,000 people, the unemployment rate ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... involved and already remediated. "We allege a pattern of longstanding and systemic failure by Mercer Super to comply with the law," ASIC deputy chair Sarah Court said. "These aren't just technical breaches. Allowing investigations into significant ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
... between 2018 and 2023, NAB and ASFH failed to respond to 345 hardship applications within the 21-day deadline required by law. Handing down her decision Justice Neskovcin said impacts to customers may have been avoided if NAB had provided the affected ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
... Income Covenant. "We are three years into the Retirement Income Covenant now. Three years since trustees have been obliged by law to assist members with their retirement," Constant said. "And while we are seeing some green shoots... it's clear there ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... account number on a fee consent form for enabling the deduction of a fee from a product, even for new accounts, is a flaw in the law that has caused a significant regulatory burden for all parties," Anderson said. The FAAA reached out to Treasury in ...

Insignia offloads IOOF Alliances to Entireti

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
Entireti has acquired IOOF Alliances, a provider of support services for AFSLs, from Insignia Financial for an undisclosed sum. IOOF Alliances will merge with Jigsaw Advice Solutions to form Entireti Alliances. About 70 self-licensed advisory firms ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... intended to complement existing trustee obligations and are not intended to replace, override or vary obligations under existing law." While the government will not impose additional compliance action associated with trustees' adherence to the principles ...