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Showing 1 - 10 of 881 results for "SAR"

Budget changes could drive SMSF adoption: FAAA

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
The Financial Advice Association Australia (FAAA) has warned the government's proposed capitals gains tax (CGT) and negative gearing reforms could unintentionally drive Australians towards self-managed super funds (SMSFs) as a vehicle for residential ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ...

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
ASX has admitted that it misled and exposed market participants to financial risk in an announcement related to the delivery of the CHESS replacement project in early 2022, despite realising the delay would occur as early as 21 December 2021. According ...

FEATURE | Aged care: The longevity dividend

ELIZA BAVIN  |  TUESDAY, 9 JUN 2026
It's not just Australia that is dealing with an aging population, in fact the World Health Organisation estimates by 2030, one in six people will be aged 60 years or over. At that time the share of the population aged 60 years and over will increase ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
Outgoing ASIC chair Joe Longo has used his final appearance before the Parliamentary Joint Committee on Corporations and Financial Services to defend the regulator's enforcement record while warning that funding constraints and rapid technological change ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

AustralianSuper hires head of AI

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2026
AustralianSuper said the newly created role will help align autonomous agents with human intent. The $410 billion super fund has named its first head of AI and automation in a newly created role. Sarah Carney joins AustralianSuper from Microsoft where ...

Oil price shock to hit consumers 'relatively quickly': RBA

RIDDHIMA TALWANI  |  WEDNESDAY, 20 MAY 2026
RBA assistant governor Sarah Hunter said the central bank expects firms to pass-through higher input costs due to the Middle East conflict to consumers relatively quickly. Speaking at the Bloomberg Forum for Investment Managers event in Sydney, Hunter ...
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