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Search ResultsShowing 1 - 10 of 100+ results for "Regulatory"
ASIC cleans up 'cash plus' funds
KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
... to reviews, and one winding up its fund. ASIC said it will continue to monitor the outcomes and consider appropriate regulatory action, including enforcement action where necessary. "Funds should be "true to label". This is not a nice-to-have. It's a ...
First Sentier completes global rebrand
ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
... investment in the US. The firms expect to complete the transaction in the fourth quarter of 2020 or early 2021, subject to regulatory approvals, the specific terms of the deal have not been disclosed.
Lifespan adds MDAs to BT Panorama
KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... put out a consultation paper on MDAs last year but in March this year, said it had been delayed as it recalibrated regulatory priorities to focus on COVID-19. The regulator was understood to have been concerned that MDAs' popularity may be driven by ...
ASIC provides relief to Victorian advisers
ALLY SELBY  |  TUESDAY, 22 SEP 2020
... impacted by Victorian lockdowns will also be taken into account. As part of the no-action, ASIC said it wouldn't be taking regulatory action against AFSLs or their representatives for a breach of sections 62G, 962K and 962S of the Corporations Act. For ...
Government increases fees for foreign investment
ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...
Macquarie director departs
ALLY SELBY  |  MONDAY, 21 SEP 2020
... independent non-executive director, effective November 2020. He will also become a member of the board's legal, regulatory and compliance committee and well as its technology committee. In announcing Hawker's appointment, Westpac also informed ...
End of Super Complaints Tribunal nears
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
The Superannuation Complaints Tribunal (SCT) will cease to exist at the end of this year, with the Australian Financial Complaints Tribunal (AFCA) seeking to handle any remaining complaints currently with the SCT. AFCA has opened consultation on changing ...
ASIC puts SMSF auditors on notice
ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
The Australian Securities and Investments Commission imposed tougher registration conditions for two SMSF auditors following a slew of misconduct. William Krammer from Victoria and Yuk Wong from New South Wales have breached auditor independence and ...
CSIRO contractor in crypto scam
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
A CSIRO contractor has been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining. He was caught out after the CSIRO noticed serious impairment of its computing infrastructure ...
IPO Wealth ordered to wind up
ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
The Supreme Court of Victoria has made a winding up order for Mayfair 101's IPO Wealth fund. In response to the decision, Mayfair said it was disappointed with the outcome and believes it will result in negative ramifications for unitholders. The embattled ...
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