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Showing 181 - 190 of 28377 results for "NOT"

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... late 2024, alleging the bank failed to have suitable controls in place to prevent and detect unauthorised payments and did not investigate suspicious transactions. These took place between January 2020 and August 2024. Of the $23 million lost ASIC was ...

Passive ETFs continue to dominate domestic market

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
The latest analysis from Betashares indicates index ETFs continue to drive the expansion of Australia's ETF industry. Index ETFs attracted approximately $53.5 billion in net inflows over the past year, compared with around $6.1 billion for active ETFs ...

ASIC slaps adviser with 10-year ban, strips AFSL

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
... file notes to "justify charging ongoing service fees" on at least three occasions. As a result, ASIC determined Newbound is not a fit and proper person to participate in financial services and applied the ban on 1 May 2025. ASIC has also cancelled the ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... a ruling against Block Earner in relation to its fixed-yield digital asset-related product (Earner), which was previously not deemed a financial product. The High Court of Australia has unanimously found that Earner was, in fact, a financial product ...

Frontier awards custody mandate for ICIO offering

ELIZA BAVIN  |  THURSDAY, 18 JUN 2026
... both from our existing clients and a range of groups we haven't had the chance to work with previously because we could not fully meet their requirements, despite their interest in Frontier," Polson said. "A major part of what these investors are ...

Poor succession plans expose advice firms to crisis events: Report

KARREN VERGARA  |  THURSDAY, 18 JUN 2026
... gaps in succession and contingency planning. Business Health's newly released What If...? report reveals 67% of principals do not have a documented succession plan that states how the business should run in the event of a sudden death or permanent disablement. ...

ASX puts 25% cap on new share issuances during mergers

RIDDHIMA TALWANI  |  THURSDAY, 18 JUN 2026
The ASX has put a 25% cap on the amount of new shares large listed companies can issue during mergers without first getting shareholder approval. "This gives shareholders a say before significant dilution. Shareholders are also given flexibility to ...

Acenda in the hot seat over enterprise agreement

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... rostered days off helps me be able to spend time with my partner and children. To take that away for a pay rise that probably is not going to be higher than inflation is not good enough." An Acenda spokesperson told Financial Standard the FSU statement ...

ASIC puts private credit on notice ahead of EOFY

RIDDHIMA TALWANI  |  THURSDAY, 18 JUN 2026
... basic disclosures of the state of their investments. It said while some are doing the right things by investors, many are not doing so on a "material" basis. ASIC said its message is straightforward: participants should use this reporting cycle to challenge ...

Soul Patts to pocket $1.89bn from Brickworks divestment

VINNY VUCAGO  |  THURSDAY, 18 JUN 2026
... industrial property join ventures alongside Goodman entities. Completion of the transaction is expected in late June and is not subject to any conditions precedent or shareholder approval.