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Showing 1 - 10 of 3553 results for "October 2018"

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight. ASIC's report Safeguarding super: How well are ...

VFMC names head of property

STAFF WRITER  |  THURSDAY, 25 JUN 2026
Victorian Funds Management Corporation has promoted Georgina Bishop to head of property, effective October this year. Bishop will transition into the role from Pete King who leaves VFMC later this year. "Delighted and proud to be handing on the baton," ...

Global X awards mandate for ETF business

ELIZA BAVIN  |  TUESDAY, 23 JUN 2026
Global X ETFs Australia has selected Citi as the new custodian and fund administrator for its Australian ETF business, following a comprehensive market review process. Global X said Citi's appointment forms part of its ongoing commitment to strengthening ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
Property developer David McWilliams has been charged over an alleged $10.1 million fraud scheme involving investor funds raised for specialist disability accommodation projects, following an investigation by ASIC. McWilliams appeared before the Southport ...

ASIC moves to preserve derivatives and securities relief framework

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
ASIC is seeking industry feedback on plans to remake four legislative instruments covering exchange-traded derivatives, securities transfers and securities lending arrangements, ahead of their scheduled sunset later this year. The regulator said the ...

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

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
HSBC Bank Australia has been hit with a $35 million penalty after admitting to widespread and systemic failures in protecting customers from scams. Following a Federal Court hearing in Melbourne on June 18, Justice Bennett handed down the penalty and ...

Frontier awards custody mandate for ICIO offering

ELIZA BAVIN  |  THURSDAY, 18 JUN 2026
Frontier Advisors is set to launch its independent chief investment officer (ICIO) service to the Australian market and has awarded a custody and administration mandate ahead of its release. Northern Trust has been appointed to provide asset servicing ...

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
The Finance Sector Union (FSU) has urged the employees of life insurer Acenda to reject an offered enterprise agreement that would see themselves "paid less, stripped of basic leave entitlements and given watered-down redundancy clauses." The FSU said ...
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